Mr. Ed Sibley:

In my opening statement I referred to "scores". We have seen a material change in the level of activity in terms of the engagement are having with firms. As the Governor previously mentioned, the activities that are coming out of the UK, such as they are – as I said earlier, London will remain a very important part of the financial system - will be spread across the jurisdictions I mentioned rather than all of them coming out. It is very speculative to anticipate how much is moving out. It is pretty likely that firms will move out across different jurisdictions rather to than one or two individual ones.