Mr. Bernard Byrne:

In April 2012 the first communication took place with the regulators in these jurisdictions which basically stated these entities were ceasing. Winding down a bank is not easy becuase there are significant obligations to customers. A detailed regulatory engagement took place and a plan was developed and approved by the local regulators which was delivered. The licence was handed back and the entity formally ceased in 2013, but from the date of first notification to the regulator, there was no new business activity. Everything was about the closure of the business. There was no new business activity from 2012 and the entire entity closed in 2013, with the banking licence being handed back. An amount was kept to represent customer deposits and it will sit there for up to ten years for any deposit holder who is entitled to it to claim it.