Mr. Eddie Cullen:

Yes, it is taking place locally in Ireland. All the credit decisions that apply to SMEs take place in the Republic of Ireland. Our model is based on our local business bankers. We do not use credit committees but give discretion to our front-line people. That discretion is mapped into our second-line credit people. To approve a loan, one approval is needed from the business and one from the credit family. We actually have distributed some of our credit staff into the regions. For smaller and regional cases, some of those decisions are made locally but all decisions are made in Ireland.