Mr. John O'Connell:

We are at the start of the process so we do not have a great level of experience with people in that situation coming forward. We have not seen the numbers that would allow for analysis. That is where the time element and the question of adequate resources come in. Anybody who is an unfortunate situation of that kind will require both of those things. They will need time to resolve whatever issues there are and resources so that they can talk to somebody, perhaps on a number of occasions, to get those issues resolved. Pushing everybody through the same gap just to get them through to the other side is not the answer. It is about an orderly transition. Let us transpose this back to the introduction of the euro. If we had said that every bank could do what it liked about the transition to the euro, where would we have ended up? It was a centralised approach through task forces and so on that achieved that success. This can be a success as well, but it will not be if everybody is doing their own thing.