Mr. Stephen Groarke:

If it were a straightforward question, the SSM and the EBA would not have convened a working group to consider it at a high level; they would simply have answered the question. In that regard, in the European Parliament yesterday the Deputy's colleague received an answer in which Ms Danièle Nouy set out the basis on which forborne loans could return to performing status. She talked about being able to meet the post-forbearance criteria, which means needing to go back to full capital interest according to the terms of the loan and that the loans do not have what are called unlikely-to-pay criteria. There is very definite guidance in the definition of default rules in the SSM on what they are. Split mortgages, certainly as currently structured in Permanent TSB, would not meet these criteria.