Mr. Bernard Byrne:

A very relevant point in that respect, which I mentioned earlier, is the upstreaming, that is, moving deposits from an offshore base in the Isle of Man or somewhere similar to the Irish entity, effectively ceased in 2009 in terms of the local regulatory environments. No matter what deposit base was in the Isle of Man it could not be flowed and used as a funding vehicle after that date for regulatory reasons in those countries. It would not matter what the balance was because, effectively, the local regulator said one cannot upstream those deposits.