Mr. Ed Sibley:

To a large degree, it is baked into our supervisory approach. Leaving banks to one side for a moment, we have a prism framework which is focused on probability, risk and impact. According to the risk a firm presents from a financial stability and a consumer protection perspective, the potential impact associated with these risks determines the level of our supervisory engagement. In the case of banks, it is driven by the SSM methodology which was based originally on the Irish methodology. There is, therefore, a degree of proportionality baked into our supervisory engagement and approach. It is driven by risk and impact, albeit that we have the common rule book and regulations to which Mr. Cross referred.