Mr. Ronan Hession:

There are two funds of €250 million each. One is held in the resolution fund, while the other is held in the credit union fund. In terms of Government funding, these funds remain within government. The money has not been accounted as an impact on the general government balance. As such, moving €250 million to the fund does not affect the budget arithmetic or the general deficit procedure.

I am guided by the Chairman's opening comments on policy decisions taken by Ministers and so forth. The Minister has a call to make on how he wants to structure the fund once the advice of ReBo has been received on what it will need.