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

Let me move on to the Department of Finance. The statement issued last evening by the liquidator claims all the parties now in phase 2 agree on abiding by the voluntary code of conduct. In earlier comments by the Minister and the Department, there seems to have been concern about the rating in terms of the creditors' best interests and distortion with regard to the value of the book on the basis of having some people in a box and others outside it. Given that everyone in phase 2 has accepted the voluntary code of conduct, it creates equalisation with regard to the purchasing of the loan book. Does this present a legislative impediment that would be damaging to the creditors?