Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

The Deputy is mixing up two questions. He is talking about a bail-in for one of the Irish banks and then talking about one of the Irish banks requiring extra capital. I am answering the second part of his question. If an Irish bank requires extra capital, the first recourse would be to the markets and the second recourse would be to the ESM. One would not regard it as an insolvent bank, but a bank that needed additional capital in the estimate of the ECB. Having rescued the banks and with constant monitoring from the Central Bank of Ireland, the Regulator and the ECB, I do not envisage a bail-in situation arising. An extra capital situation might arise.