Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

I thank the deputation for all those details. The last question relates to one of the points Mr. Brown made in his presentation. He mentioned the fact that if secured debt were no longer secured it would have an upward pressure on the cost of lending. Is Mr. Brown adverting to a situation whereby the banks would no longer have a veto in a negotiated settlement? Is he saying that taking away the veto from a bank would have the effect of increasing the cost of debt?