Mr. Gerry Mallon:

We brought to the attention of the Central Bank the nature of the actions which RBS was due to take in the United Kingdom. Our consideration was that we should undertake exactly the same actions in respect of customers in Ireland. We have updated the Central Bank in terms of the work we have under way to understand the extent to which customers may have been impacted by the equivalent issues that have been diagnosed in the UK. We have promised a further update in the new year for the Central Bank in respect of the analysis we are undertaking and what it is indicating to us about the next steps.