Mr. William Beausang:

Well, considering that the full kind of European-wide SRR model with kind of bail-in ... bailing-in of creditors and so on is only in place, I understand, from the beginning of this year, so I'd be quite sceptical that it would have been possible - at that time and in that environment - to move more quickly. I mean, in talking about ... I mean, the fundamental issue and, I mean ... it's ... like, there's nothing new here, it's in the Nyberg report ... the fundamental issue, when you're looking at other options and whatever options were availed of, was senior bondholders, you know, the bail-in mechanisms and, I mean, as Nyberg himself said, you know, a special resolution regime, for example, that wouldn't have been a panacea at the time, unless costs are ... there was burden-sharing going to be achieved under that special resolution regime and, I mean, I don't need to go in with the committee all of the issues that have arisen around the non-availability of that option up until the new SRR or the new ... sorry, I won't remember offhand, but the new European-wide regime for banking resolution that came into effect relatively recently. And, of course, as things stand, it's currently untested, so it remains to be seen how effective that kind of model will be or the impact it will have - once it is implemented - in terms of the cost of bank funding and so on. So, it's a ... it's a very broad issue, I suppose, to consider.