Mr. Pat Farrell:

To be ... to be honest, I mean, there were banks in the IFSC and they were, in the main, regulated by their home regulators for prudential purposes, but then if there was a conduct of business dimension to it, they were obviously regulated by the home regulator. I can't recall, to be honest, being, you know, specifically aware of, well, "Who regulates Depfa? Is it the Irish regulator or is it the German regulator?, or at what point the baton passed.