Mr. Ed Sibley:

It is absolutely possible for restructured mortgages with a warehoused element to "cure", as we would describe it, so that they would become performing. We have had much engagement with our colleagues in the ECB and across the SSM on being very clear as to what is required because similar approaches to restructuring are used in other parts of the eurozone. While this is slightly simplistic, the key requirement is that the warehoused part is fully provided for. That has been the practice in some banks operating in Ireland but not in others. So-----