Mr. David Gantly:

Absolutely.

I think as ... certainly at meetings ... I was at a meeting I can recall in ... I guess it must have been somewhere around the summer to the autumn of 2008 with the CEO and the group finance director and there was certainly a sea change I think then that we were saying well, what was ... I was there to really say what was going on in the marketplace. I presented a picture and I think the regulator absolutely knew that the markets were in bad shape. So they were getting the information. I suppose the ... ultimately, the only real reaction, if you like, that I physically saw would have been the announcement of the guarantee because I can't recall that there were any other changes that would have happened. I mean at ECB level, it was being fed back and there was a longer-term repos were being provided so there was clearly an awareness that the system which normally ... the traditional, you know, method that banks would have used to fund was utterly drying up and that the lender ... ultimately, the lender of last resort was increasingly becoming the lender of first resort.