Mr. Michael Walsh:

Sorry. Absolutely, I take issue. I mean, by definition, there were things that needed to be remedied within the society but, you know, I had continuous contact with the Central Bank and the regulator from the time that I agreed to take on the chairmanship. You know, I would have had a meeting in early 2004 with the top two head people in the regulator at that point in time - it would have been Dr. O'Reilly and Mr. Neary, and both of them confirmed to myself and indeed Dr. Power, who I think was one of the other non-executive directors at the time, that there was nothing as between the regulator and the society, other than normal matters as between a regulated entity and the regulator. Now, you know, I have difficulty reconciling in some senses, you know, those statements there and the statements by Dr. O'Reilly and Mr. Neary in 2004. Were there issues? Absolutely, there were issues. Were they addressed as they arose? Yes, they were. Was the board ever happy with the degree of progress? No board should ever be happy with progress. Boards should always be pushing for more performance.