Mr. Matt Moran:

My understanding, Deputy, is that together with the regulator, because I wasn't directly involved in those discussions, that both the bank ... the CEO of the bank and the board of the bank and the regulator believed that this was a huge issue.

Remember, you know, if you want to acquire shares in a bank, if you go over a certain threshold, it being 10%, you must disclose and seek approval from the regulator. The CFD was worse in the sense that it gave all the downside risk without any control to the underlying person who held the economic risk.