Mr. Brian Cowen:

Well I think there's a record of a meeting ... maybe the 18 September, there's a memo of a meeting that took place between officials in Finance, the Central Bank including the Governor, the regulatory authorities, assessing the situation as it was developing ... a concern about, you know, there was a lot of commentary in the media about this. It was causing a lot of problems, people were calling into their bank branches looking for their money, you know people were wondering was their money safe. And, that was a public concern that needed to be addressed and addressed quickly. We hadn't ... at European level there was already discussion going on about trying to harmonise, or trying to co-ordinate all of these national deposit guarantee schemes to try and get some sort of a European norm if you like established. But obviously this issue had arisen for us in the context of those discussions being ongoing. I mean they weren't going to be resolved very quickly but there was this background policy development going on in the back at EU level. So we met on this point and I wasn't there myself, I don't know was Brian at it, but certainly the recommendation that came from that meeting was that we should increase the deposit guarantee scheme from €20,000 to €100,000. I agree that it was a bit larger than elsewhere. I think in UK it was £35,000, but in fairness within a few weeks most of them were up to the €100,000 mark as well. Most of them reacted ... we just reacted maybe quicker than the rest because it was coming to us quicker than the rest.