Mr. Pat Farrell:

Okay, Chairman. Well, my ... The outline of what I said still stands obviously, that we didn't get involved in the individual banks ... in relation to liquidity solvency, business models, all that kind of thing. Again, this was a collective discussion. And I haven't seen this before, but to the best of my recollection ... first of all I'm not ... to the best of my recollection I don't think I was at the meeting. I'm, I may ... again I think it would have probably been handled by our prudential director because it would have fallen into that area.

I think the background to it was that at that time, and I did advert to it earlier, there was continuing tensions in liquidity terms across global markets. And at that stage I think some time in 2007 ... around that time ... the Central Bank introduced a new liquidity regime for all the banks. And they required a whole new reporting arrangement with the banks for liquidity. They asked them effectively to put their liquidity requirements as they matured out into different time buckets on a cash flow basis, so that they would have a much clearer line of sight as to what the liquidity requirements of each of the banks were going forward. And that was understandable, given the heightened situation that existed in liquidity markets generally. And, my understanding, that meeting would have been one where the banks would have come together collectively to understand ... or to use that form to understand what exactly the nature of the requirements would be and report in terms, tease out any questions they might have, the detail of it, and such like. And that is ... to the best of my recollection it would be my understanding of the context for the actual meeting.