Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Okay. The final area I want to look at in the limited time I have is coming back to the regulator. Because one of the titles ... subheadings in your written statement is "Lost Opportunity". You talk about the society reversing the engines before any other institution. So, when you decided to make that ... when you made that decision in December 2007 and the regulator at the time was doing the five by five, large exposure-large debtor connections in the individual institutions ... so it had some awareness of the liquidity crisis that was developing in Irish banks. But you brought this to the regulator and said, "We're making this decision out of prudence because we're not sure about the next year for Irish banking." And then what happened on the side of the regulator?