Mr. Denis O'Connor:

Okay, I will start this. On liquidity, the bulk of our work at that stage was done on liquidity. As you probably are aware, the ... as deposits were up for maturity on the banks, they were ... they were not being rolled over, so a number of Irish banks had significant liquidity issues, particularly coming up at the end of September, which was the quarter end or half-year end in some of the cases. So the information that we had compiled over the previous number of days from the banks' records emphasised to the regulator - and they were participants in the meeting - that this was a big issue and a contingency plan would have to be put in place ASAP. We were looking at a good few ... into €8 billion or €10 billion outflows in a number of days, and that was happening at the end ... in three days' time.