Mr. Feargal Ó Brolcháin:

I will apologise for being repetitive. The statement on breaking the link between the sovereign and banks comprised a number of factors, principal among them issues relating to the banking union element and the BRRD and the single resolution mechanism, which are two important building blocks. The aim is for the single resolution mechanism to be self-financed by the banks. Another factor was the need to provide for the DRI as a further back-stop. There are a number of stages, in a forward-looking sense, with these elements in place.