Mr. Simon Carswell:

I think their focus was very much on the liquidity issue and the funding side of the balance sheet. I do not think they had jumped to the "what if" scenarios around the solvency of the banks, with the exception of the Department of Finance official I mentioned earlier in their memorandum. I think it is the same memorandum, but I could be wrong, where it is ruled out by a member of the regulatory authority, that there is not a solvency issue with the banks. That answers the Deputy's question as to what they thought at that moment.