Mr. Aidan Carrigan:

The resolution mechanism is not directly linked with the stress tests. It is triggered by a supervisor who will oversee the quality of the institutions on an ongoing basis. The second "R" in BRRD stands for "recovery". All national resolution authorities and the single resolution authority are drawing up recovery plans for these banks in advance such that if any difficulty arises, the first intervention will be a recovery. By the time we get to the resolution stage there will have already been regulatory intervention and correction to maintain the stability of the bank.