Ms Ann Nolan:

There were implications. They arose because of the agreements that we had with the European Central Bank, ECB, and the EU, particularly DG Competition which insisted on a ten-year timeframe when we might have chosen a lengthier term when drafting the Act. However, we did not have that option. As I said, we had agreements with the ECB and to a lesser extent with the IMF. Another reason for the inclusion of "expeditiously" in the Act is that the Irish-----