On the purely domestic front, there is one further development I would like to share with you and then I will say a few final words about our early experience of implementing PRISM, our new risk-based supervisory framework at the Central Bank.
The most disruptive development in the domestic Irish insurance market in the past 3 years has, of course, been the failure of Quinn Insurance Limited following serious persistent breaches of solvency requirements. There has been much said and written about Quinn Insurance already and I do not propose to look backwards and review the specifics of the case.