Back then, how connected to or distant from the unfolding problems in US sub-prime did you feel?
Johan Thijs, KBC Group In August 2007, I was running the insurance group of KBC. When concerns about sub-prime MBS [mortgage-backed securities] issues started to rise, I was totally unaware of [any] potential impact on KBC Group. For the insurance group, the unfolding of the sub-prime MBS problems was remote to us. We were not invested in this type of product.
António Horta-Osório, Lloyds Banking Group In August 2007, I was chief executive of Abbey National, the UK-focused former building society bought by Banco Santander in late 2004.
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