Mr. William Beausang:

Well, I mean the difficulty that eventually crystallised in the IFSC was the ... the Depfa problem and certainly throughout all of the period that we would have been engaging through the DSG getting information on financial institutions on ... on the position, the funding position, the liquidity position of financial institutions, the focus was essentially on the domestic institutions. I mean, I suppose the ... consistent with the approach taken at EU level, member states were responsible for their own financial institutions. So if there was a entity in the IFSC and I wasn't aware that there were any that had difficulty, well, that would be ... that would be an issue for the authorities in the country that it had originated from.