Mr. Tony Grimes:

Well, they were entirely separate. He was the head of the regulatory office. He was the head of all the supervision teams that actually inspected the banks. So, in reality, the regulatory office was looking after the well-being and the supervision of the individual banking institutions. My role was on the central banking side. Obviously, financial stability was one of the issues I was concerned with. But we were also concerned with the whole range of the ... of the other services that the Central Bank was actually involved with on the payment side, on the liquidity management side and on behalf of the ECB and so on, on production of notes and-----