Mr. Gerry Cross:

To revert to the Vice Chairman's earlier question, I have slightly different figures for the EBA and there is a slightly lower impact. It might be worth recording them. After that, I echo the comments of my colleague. We have not seen the report from the Swedish Parliament, but from what I hear, I think we are broadly aligned with its conclusions. Pillar 2 has been designed to address the risk pillar 1 does not get at and wider risks. Ideally, it should very much be a bank by bank assessment. However, macroprudential is an emerging art and key. As Mr. Casey said, the toolkit, albeit much better than it was, is still being developed. As such, it is too early to say we are sure we do not need pillar 2 for these purposes. It may be that in the future one will be able to say one has got it right and can use pillar 2 for micro and other things for macro, but we are not there yet. I think that is what the Swedish Parliament is stating.