Mr. Conor O'Kelly:

It started at the beginning of 2017 when all the results for the portfolio were in. We started to engage with the Department at that point and it has been an iterative process. In fairness to the Department, the final conclusions were published by the Minister who asked us to focus on areas of market failure, particularly in the regions, Brexit and housing. He has asked us, officially and formally, to focus on these areas. Both he and the Department were aware that we were already moving the strategy in that direction towards areas where capital did not flow as freely and which were part of the original strategy.