Kevin Humphreys (Dublin South East, Labour) | Oireachtas source

There are many reasons. We can go into that. The Bank of Ireland was very late to the party in terms of the reckless lending that went on. Deputy Pearse Doherty mentioned the position the bank was in at that stage. Can Mr. Boucher go through his understanding of the interbank protocol on arrears where there is a deal done on a mortgage? If the Bank of Ireland has an unsustainable mortgage on its books, there may be multiple other loans, including a car loan and a holiday loan and accrued arrears. When the bank is calculating whether a mortgage is unsustainable, does it write off the unsecured element first?