Mr. Ed Sibley:

I have been very clear for a while now on this issue and I am working with the European Central Bank to make sure that this clarity is communicated from an EU perspective. This is not just an Irish issue. Split mortgages can cure, absolutely, and can return to performing status from an accounting point of view. This requires certain conditions to be fulfilled, including the condition outlined by the Deputy that the loans are meeting the terms of the restructure, and in how the warehoused element is dealt with in the accounting context. They absolutely can cure. This has been communicated to all firms.