Mr. Tony Grimes:

I think the interpretation of when it would be used was in relation to principles and policy and there is, I guess, some debate about what that actually means in practice but in so far as I was aware at the time, I would have thought that a guidance would have reflected some general concerns that there were on behalf of the bank and that they would be conveyed to the regulatory authority in sufficient specificity, if you like, to enable the authority and the regulator to take it forward and to impose specific actions but that the recommendations for specific actions would not come from the bank but would come from the regulator's interpretation of what the guidance would be.