Mr. Oliver Gilvarry:

I will pass the question to my colleagues in the Central Bank. The rules that came in were well flagged. When we look at our domestic institutions, the framework is there, the Irish banks are running at a high level of capital and liquidity levels have improved significantly compared to where they were when we entered into the crisis and thereafter. Instruments are now being brought in under the review of this leverage ratio. Banks had to report the leverage ratio, although they did not have to comply with a level. I would need to check the numbers but, from my understanding, the domestic banks would all meet the 3% level and they would publish that on an annual basis. While I cannot speak from a supervisory perspective, from what we can see, the rules were well flagged and the Irish banks are in a good place for the requirements and actually meet well above the requirements on a capital perspective.