Mr. John O'Connell:

It is best placed to answer that. We have been out since these announcements were made. Initially, we petitioned for Ulster Bank not to go. With regard to KBC, the development came out of the blue for everybody. We committed that we would work with Ulster Bank and the other banks as long as there was an orderly transfer. What transpired? One bank broke ranks and issued letters when the Central Bank, the regulator itself, was saying the banks were not ready. We are still in that position because the staffing is not up to speed. We are now in a situation in which one bank has declared and another is starting from 1 June, yet the regulator and we are saying the system is still not at a point where there is no need for us to talk about this anymore and where there is a seamless change for people so they can be served in branches or by call centres in a way that facilitates an orderly transfer. We are not at that point yet.