Mr. Alan Merriman:

But ... well, again, and I ... you know, look, I'm not trying to disguise or change the ... this was clearly, you know, a letter that was not well received in terms of the level of findings and it was taken very seriously in EBS. But, again, I just want to try and deal with what I might call prioritisation and what was going on. And, again, just be very stark: all of these findings, as extensive as they are, not one of them is rated a high priority. And even the ones that are there are rated a medium priority. So even these findings weren't leading to the regulator saying "Look, here's a problem and it needs to be dealt with right now."