Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I need to thrash this out with Ms Nolan again, if she does not mind. The earlier argument was that creditors would be at a disadvantage if we were to legislate for a code that would have devalued the book. Because everybody has now signed up to the voluntary code, there is no negative impact on the loan book. Putting aside the fact that the State is the major creditor, what is the impediment from a creditor's perspective? Is there a creditor impediment that would stop a legislative framework being put around this?