Dr. Cyril Roux:

We asked ourselves the same questions. We established, under the chairmanship of Sylvia Cronin, an extensive Solvency II committee. The IT and data areas are something on which we spend a lot of time. It involves not only insurance supervision, but our IT colleagues opening online reporting to collect XPRL data, which is a different methodology. For me, the most difficult point, and this is not something about Ireland but in terms of all supervisors, is that when one moves from one referential to the other referential, one loses the time series. One tries to do pro formaof previous data, but ones loses a history or a trend. That is the most challenging part. People are being trained. We have put a good deal of resources into it. We will encounter hiccups, like all regulators, but I am not concerned that will hamper our supervisory action because the trends are clear. We will not lose sight of that.