Mr. Pat Farrell:

Well it probably wasn't the best decision I ever made and that's with the benefit of hindsight because... I think it's important though to give context. Mr. Patterson retired as chairman of the regulator, I think it was in April of that year. He had been ill, I think that's common knowledge. As a common, as a courtesy, I suggested to him that we would have a dinner at some stage. His illness obviously meant that time elapsed and it was eventually November by the time it happened. In the meantime the guarantee had happened but you know in those circumstances - damned if you do and damned if you don't. The dinner happened, it was a two-hour affair, it was during the working week. It was a pretty sober affair because it was during the working week. There were no speeches, there was certainly no business transacted at it. It was a social occasion and understandably, the way it was reported subsequently, the optics of it were far from good. But that was the background to it, it was as straightforward as that.