Mr. Denis O'Connor:

Our work was independent of that. At that stage, we had moved on to the underlying loans and the ... the liquidity issue had gone now. The guarantee was in place so that the banks were liquid again, they had deposits, they could open their doors the following morning. So, now we were going on to looking at the loan books - the top 20 loans in each bank - and because we are dealing with the banks themselves, we actually were not dealing with the Department or the regulator or anybody else.