Mr. Tony Grimes:

I think so, yes. I mean we, in the Central Bank had sight of what was happening. We had sight of the tensions in the liquidity markets, which occurred right up from the beginning in Northern Rock and more especially about the ... around the year-end 2007, they abated somewhat at the beginning of 2008 and ... but were still there and they were apparent from the increase in the, in the volume of funding that the domestic banks were taking from the ECB.