Mr. David Hall:

The only language that these guys understand is legislation. The only thing that is going to work is firm, strict, unambiguous and crystal clear legislation that gives very clear outlines for when someone gets into trouble and passes through an entire resolution process in order that they have the prescribed protections and a mechanism to gain some assistance. Each lender, irrespective of its intention to stay or leave the country, must be compelled to provide a minimum of four protective resolutions for these people. I am not saying that somebody should automatically have €100,000 written off, but lenders must provide split mortgage and mortgage-to-rent options. We have a number of lenders in the State and we need a State-sponsored project.