Mr. William Beausang:

Can I just very quickly try to address that question? I suppose, from my perspective ... my personal perspective, having sat in at the start of the meeting, seen the Governor come in, seen the Financial Regulator - the chair of the Financial Regulator and the CEO - and argue very strongly for a guarantee, in my own mind I said, you know, "This is going in a particular direction now". Because you'd be very slow at political level - the Taoiseach and the Minister for Finance - to discount the advice of the appropriate authorities for maintaining financial stability and the soundness of individual institutions. So, from my perspective, once they made that argument, notwithstanding that there was a lot of discussion subsequently, some of which that I was party to, it seemed to me that the direction of travel on things was set by the advice given by the Central Bank and Financial Regulator.