Mr. Pádraig Ó Ríordáin:

It has now. I mean, it's been rectified. Firstly. we brought in ... well, the country brought in, in 2011, a domestic resolution scheme and the troika had required us to do that. But more fundamentally, just this year, from 1 January, the European Union has brought in the BRRD, the banking resolution and recovery directive, which actually does that in a comprehensive way. And it took the European Union, you know, five or six years just to formulate that. So that is a resolution regime that involves bail-ins, for example, that involves bad banks, that gives all the tools that are required. In 2008, Senator, across Europe, most countries were actually without banking resolution legislation, and it's important to remember that no retail bank in the eurozone had ever been liquidated, so that's why at the time there wasn't, in any country, for example, in the UK as well, that there wasn't a pre-existing resolution legislation. But that is there now on the basis primarily of the new directive but also of our domestic legislation.