Ms Ann Nolan:

I have already explained this. We do not want to tie any action of ours to the sales process because if we get involved in the sales process at all, we run the risk of leaving the Department of Finance and the State vulnerable to being sued by the other creditors, if they are in a position to make out that anything we did interfered with the value that went to their loans.

Any legislation we bring in will apply to any mortgage book sold and not specifically to the-----