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

I thank the Deputy for the question. I will not confuse the BRRD with the Single Resolution Mechanism, which is separate. The SRM rulebook is based on the BRRD rulebook. I need to be careful with my language. The Italians want to avoid the bail-in of certain entities. The motivations for that are not quite clear. It is causing problems over there. That will be different from the approach we want to take here relating to the SRM and the Single Resolution Fund, but we are continuing to monitor developments to see what impact this might have.