Mr. Liam McLoughlin:

There is generally in any financial institution a separation between front-line business or people who run the business and what is known as second-line defence, which consists of risk managers who assess the risk the bank takes. All banks are in the business of taking risk and we make an assessment as to the level of risk we take. A typical risk we face in our business is quite significant. For example, today it is Brexit. Brexit is a significant risk and there is much uncertainty about the impact of it on our business, but the risk managers would discuss with management and with the board on a monthly basis our best assessment of how that risk will impact our business. There is no certainty-----