Mr. Ajai Chopra:

I think those deficits were well identified in the Honohan and the Nyberg reports. You know, I don't think I'm in a good position to talk about how they should be addressed. What I can, sort of, make a brief remark about is that the Central Bank has certainly stepped up its own work on supervision by improving its staffing, by trying to change the culture within which bank supervisors operate. So I think there's been substantial progress on that front. And as I said in my opening statement, there is also now the Single Supervisory Mechanism at the euro area level which, I think, is a very positive step. It is one step but it's a very positive one. I think it begins to address issues of regulatory capture, which were quite evident in the Irish context.