Dr. Cormac Keating:

I cannot say whether or not it will increase. We say in the paper that there needs to be greater certainty surrounding the process for dealing with non-performing loans. A number of lenders and potential entrants have said they do not care if it will take three years or five years or whatever as long as they know a stable, robust, consistent process is put in place. Then they can price risk accordingly and see this is as a market they might enter.