Ms Mary O'Dea:

Well, certainly I had changed it, certainly I don't think anyone on the board was buying into a principles-based regulation at that stage. So, I don't recall a specific decision being made, but there would have been no question of operating any other way than in a very intrusive way. And if you recall, what we were doing at the time in relation to the banks required daily and frequent contact ... contact at that stage, it was extremely intrusive.