Mr. Paul Stanley:

That statement reflects the fact we have an environment now where there is a regulator in Frankfurt and a domestic regulator. That adds a layer of additional and incremental costs. The various resolution funds that are in place also add to our cost base. The statement reflects all of that added up versus where we were three to five years ago. It is just a fact of life and it has the impact the Senator has just described in terms of our overall cost base.