Mr. Aidan Carrigan:

I will make a general comment first, if I may. The Deputy's question is a matter of live negotiation at the moment in Brussels as part of the legislative process. It is not yet in the form of a definitive proposal that says what the actual hierarchy will be among senior bondholders. There is still a lot of debate on how senior debt should be treated in a situation such as this. That is complicated by debate on things like depositor preferences and how deposit guarantee schemes should be bailed in. A number of issues are being debated on how to deal with senior debt in this situation. I do not know if Mr. Dempsey wants to comment further on that.