Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

We probably should not underestimate the difficulty involved in changing any of this because it would require a change not just with regard to the single resolution board but also with each participating member states in the eurozone. Putting in place the Single Resolution Fund, notwithstanding the loan facility we are trying to agree today which is part of it but also separate to it, is an incredibly complex arrangement. With regard to the resolution waterfall, consider the various things that may or may not need to happen before even getting to the loan facility agreement coming into action. Much needs to happen and it is quite complex. Changing any of the terms is not foreseen. There is a review clause in the legislation because it is appropriate and prudent, but the complexity involved in changing any element of it would probably mean it is highly unlikely.