Mr. Robert Gallagher:

Deputy, I think if you look at the progression of how banks and the banking industry have improved the addressing of those matters in terms of deferral of recognition, or indeed, clawback ... that became a much, much more significant item in the banking industry post-2008 and features of that became the norm in my remuneration in the periods 2010 and 2011 in the RBS Group. So I have seen how that has impacted the way the evolution of those types of rewards occur. Were they sufficient in ... across the industry generally? Were they sufficient in the years up to 2008? I think they ... I would echo what the general sentiment is and say, "No they weren't."