Mr. Adrian Varley:

I apologise for the repetition but there is not a zero-failure regime for the competitive landscape. I absolutely have to make a distinction between Quinn and the older cases compared with the things that are happening in more recent years. In more recent years, we are working hard to reduce the impact of anything similar happening again, but there will be cases. Ideally, they will involve smaller companies and ideally a much smaller impact. The goal here is to reduce the impact of the fund and to reduce that levy, as the Chair said. There will be ongoing cases.