Mr. Tony Grimes:

Yes, I think that we were hit with a series of issues from the very beginning of my time in August 2007. That was the start of Northern Rock. From the very beginning of that time, we were really involved in crisis management issues. That absorbed a huge amount of the attention of the bank, as well as the interaction with the ECB in Frankfurt on similar issues. Were we doing a good job? We were certainly trying to prepare as well as we could, in case the contingency arose, that we had to respond to the sorts of issues which subsequently actually emerged.