Dr. Colin Hunt:

On the issue of how the non-performing loans, NPLs, impact on our balance sheet, there are two impacts. First, because of the credit default history in Ireland the risk weightings we are compelled to apply to our asset base are significantly higher than they are in other European countries. That is something that will only be corrected over time. There is a very long observation window in that regard that the regulator applies in arriving at the risk-weighted asset - the risk it applies to our balance sheet. That will improve over time. Second, the level of NPLs is also reflected in what we call our core equity tier 1 requirement. The regulator tells us how much money we need to retain in the form of capital-----