Mr. Patrick Neary:

Okay. I mean, there's no doubt that if you look at any bank anywhere, you're going to find lumpy ... lumpy exposures in its balance sheet. You're going to have a kind of ... a size ... you're going to have some large exposure, so you'd expect that in every single bank. Now, there is a large exposures directive and .... it's law, so we all have to abide by that, and that permitted a bank to lend 25% of its own funds - in other words, a quarter of its capital - to any one individual. That is the law. They're permitted to do that, and, in fact, they can have ... if you add up all the 25s ... there's an upper limit of 800%. So, essentially, they could have had 32 or 33 loans of that size in their balance sheet and be within the law. I mean, that is a reality of it. So let's not lose sight of that. Now it's not ... I would never see it as the job of a regulator to tell a bank or a customer, you know, about their relationship.

I mean, a large customer is entitled to go into their bank, make their case; you expect the bank to assess the business proposition and the security and decide if they want to grant that loan or not. That's not the business of the regulator, to ... to dictate to banks on their customers whether or not they can borrow or lend money. I mean, that is a commercial transaction between mature borrowers and lenders that they have to decide for themselves but it's a very important point, I think, that we, we, we-----