Professor Philip Lane:

The Deputy cited an example of the one-year window to return to performing. The number involved in that is quite small, but there is a larger group comprising restructured loans. They have come to some arrangement with the banks. For example, they may have arrears capitalised or split mortgages, be making interest-only payments and so on. There is a whole category of borrowers who are not meeting the original terms of the loan but have met some kind of-----