Mr. Brian Cowen:

Yes, I mean, that shouldn't ... that clearly is a, sort of, a ... see, what was happening and what ... you'd get the impression almost that you were dependent on moral suasion rather than statutory provision and, whilst, you know, that might be the case when you're trying to explain the public, you know, to have concerns about rising interest rates, or to be careful and prudent about how they go about their loans with the various institutions; in other words, bringing that information to the public so that they can take that into account in terms of their affordability of a loan that they were considering taking out, but, at the end of the day, you don't determine that behaviour. You try and influence it, but in the question of a regulatory situation, I think that that's a length of time where, you know, clearly, the recipient of the correspondence - put it that way - would have not have felt that an administrative sanction was any way near.