Dr. Cormac Keating:

Yes, one of many deterrents. I will put this in context. That was one of the barriers to entry, but the single biggest barrier to entry which we found all the commentators spoke to us about, particularly potential new entrants, was the non-performing loans issue and the need to develop a credible, robust process for dealing with that. Once that has been developed, they can price risk accordingly, but because there is no process, it is difficult to price risk, and as the lenders are conservative, they price it highly. That is what caused the issue. That was the single biggest issue we found.