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

No, that is for resolution. That is the sequence for resolution. As the bank gets resolved, its capital would have to be built up as well. One could have a bank needing capital - quite clearly, many of them will need capital, and this will be apparent next year - without any threat of resolution. They will just need additional capital. It has happened before. A bank would be given 18 months or two years to come up with a plan to put capital in place. Some would go to the market, which would be the obvious way to do it. The shareholder would come in; the bank would do an issuance and would try to collect extra capital from its shareholders, who would buy extra shares.