Mr. Eugene Sheehy:

The thresholds and the levels of sanction are driven by a number of factors. There's the absolute amount, which you have quoted. There's the sensitivity of the amount to the grade of the sanction, and you will see in the matrix that the poorer grades weren't increased. So you don't increase the lending sanction for the poorer grades; you do for the better grades. And there's also the link between the sanction amounts and own funds. You know, how much can you put on risk of your own funds? There was no increase in the amount of risk you could put on own funds because own ... I'm talking about equity, because that had increased in the same period, so that was capped at 2.1% of own funds. The worst performing grades were not increased. So it wasn't a ... the numbers look significant but it was a fairly logical thing to do at the time.