Dr. Colin Hunt:

Typically, what we do is look at strategy in a three-year cycle. However, we are beginning to think about what the bank is going to look like and what the industry will look like in ten years' time. That is something on which we are only beginning to formulate thoughts and opinions. Of course, there are any number of different scenarios taking into account developments on a European scale, but also developments in terms of the likely evolution of customer preferences.