Mr. Jeremy Masding:

I think I am right in saying that the Deputy, as an individual, was right in the middle of the troika negotiations and issues back in 2012. I come back to linking moral hazard to avoiding repossessions. At the time the Irish State had a choice. The choice was, from a social perspective, that all the banks avoided scare repossessions. From a social perspective, in terms of contributing to Irish society, I would argue - the Deputy may disagree with me - that the long-term treatments that have kept people in their homes have been a huge contribution to Irish society. I am not sure that the Deputy will agree with me on this but the unilateral use of capital to individual customers is not in the best interest of all Irish taxpayers. That is not something, certainly on my watch, I could countenance.