Mr. John Dunne:

Well, I think there is certainly a case in the regulator and, I think, in the bank for more specialised banking experience. I mentioned in my statement that I believe that the lack of it ... of that real specialist knowledge, with the exception of one or two people, was an inhibiting factor in the interrogation of bank executives when they were presenting professional views to the board. Having said that, I also believe that a mixed board is better because there are different tasks to be undertaken and if you just have a complete specialism, then I think you begin to get a very narrow focus. But I think in this particular instance, some greater degree of specialist regulatory knowledge, in the case of the regulator, and prudential macroeconomic expertise, in the case of the bank, would have been helpful. I have no doubt about that.