Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. So just going back to that issue of special resolution legislation and, as you said, there are different types of resolutions and some resolution-type options were available on the night of the guarantee. But the scenario I want to raise is if ... if a decision had been reached that a bank had essentially failed and instead of having a disorderly wind-up of a bank ... just collapsing the following day, that the decision was to have an orderly wind-down of that bank, what legislation would have been used in that scenario - that if you wanted to, let's say, let Anglo go, but in an orderly way and in a way in which we will seek to separate the depositors from the senior bondholders, to give preference to depositors and bail in other creditors such as senior bondholders?