Mr. Maurice Crowley:

We engage at all levels at a level of frequency from senior executives down to working groups. A classic example is that to the extent that there is a significant policy development or legislative proposal from Europe, we engage with a working group of member representatives who are experts in the particular field. If it is a question of capital requirements, we gather a group of experts from the banks to look at the legislation.

To clarify, this engagement relates to influencing the legislation, as the Chairman has said, but it also relates to the fairly significant process associated with the implementation of any kind of legislation. We work with members to help them to interpret the legislation and to see what kind of processes they need to put in place to implement it appropriately.