Mr. John Stanley Purcell:

Those documents express the concern of the Financial Regulator over years. They brought up concerns following inspections and, in all cases, we worked to resolve the issues. For example, we worked to upgrade internal audit in all aspects of its operation. So, when you look at them all together there is a long list there, but they came up over a number of years and we would have worked to resolve each one as well as we could at the time. And many of them resulted in systems and processes being upgraded to a good standard. Some of them about recruiting directors, there was reasons why it was delayed and for other reasons.