Mr. Brian Cowen:

There's no doubt that people started concentrating on acquiring a greater market share at the expense of their risk management practices. People were ... there was a change in culture taking place in the banks, obviously, in that respect. Their idea of risk management changed. Market share seemed to become more important than making sure that your loan book was in good order, and less risk. And, what also changed is that the model of banking itself has changed, as I was saying earlier, that ... this old model of deposits paralleling loans, or if not paralleling them, at least having a close correlation between the level of your deposits with the level of your loan book, that changed from the 80s on. And the ... and the ... you know, the ... having read about this to inform myself, I mean, it's clear that the increasing role of other financial players, other than traditional banks, and their ability to compete for those deposits, meant that bankers had to get money elsewhere from different sources, and that's where you get into the whole wholesale markets situation.