slawomir: i can't, but it is in line with what the market is going to be doing. we obviously monitor everything our competitors do, and typically you are guided in thinking about compensation by the compensation ratios. manus: we love it. massive bonuses for multiyear. you're going to retain your staff with that line. on a slightly more serious note, the regime change in rates, what is the biggest risk from that? is it some kind of implosion in the bond markets, the equity markets? how many hikes do you think you will get? talk me through your regime change for 2022. slawomir: you said it is regime change, but a lot of it is already there in the markets at this stage. so the shift has already happened. i do not expect significant disruptions from what we already know. as long as the current policy has not changed and inflation risks do not accelerate, and if it kicks in later in the year, we expect basically to have less mobilization. there has been a story about the situation as something more of a structural situation there. so i would say that in the end what