Mr. Conor O'Kelly:

There are several things that can be done. First, one ensures there is plenty of cash available. Second, one ensures the investor base is diversified. One must be aware of the risk of an event happening in the United States or the United Kingdom which would lead to that investor base shutting down. We ensure we are diversified geographically and by type, which is why we have the green bond, the inflation bond and other types of bond. Having different pools of investor in terms of type and geographical location means that one is unlikely to be shut out of any market at one time or, if one market starts to decline, one can look elsewhere for capital. Diversification is probably the key mitigation measure as an issuer, with holding some cash on the balance sheet.