Professor Patrick Honohan:

Yes, it's ... obviously, this is an extremely stressed bank, but you ... this wonderful word, "solvency", can be a trigger word for certain actions, so people are ... it's like "genocide", people don't want to use the word because it means more than just a casual statement, so 8% threshold is not, in itself, a solvency threshold. That is a minimum capitalisation. Solvency threshold conventionally means zero, but-----