Mr. Richie Boucher:

We didn't feel that we needed a guarantee in terms of the pressures we were facing on the markets. I think one of the things that we felt, and subsequently proved to have been correct, is that we had very significant collateral ourselves. So we had about 50% of our assets were in mortgages, Irish and UK mortgages. So we had quite a lot of eligible collateral but I can't ... I can't say in three-four weeks' time, if the markets had continued to be very tough ... you know, if events continued ... in the absence of a guarantee, would we have needed one, I can't say that. On the night of the ... on the afternoon of the 29th, night of the 29th, Bank of Ireland didn't feel that it needed a guarantee in its own right. I think that's also corroborated by the minutes of other meetings that we provided. We didn't identify a guarantee.