Mr. Derek Moran:

Twice a year we produce a risk matrix, which we then publish as part of the budget and the stability programme update, SPU. This matrix looks at everything from geopolitical risks to trade protectionism and uncertainty in the US exchange rate realignment. It covers a whole range of those kinds of risks. When one is only allocated five minutes for an opening statement, one just covers what one can. I tried to keep the focus as much on the accounts as on anything else.