Mick Barry (Cork North Central, Solidarity) | Oireachtas source

I have limited time and I just want to be clear on what is being said. My understanding of what Ms McDonagh has just said is that if we leave Davy out of the equation and speak in general rather than specific terms - and we talked about Bank of Ireland acquiring another entity that is not covered by the bankers' pay cap; let us call it "entity B" - all things being equal, Ms McDonagh would favour the idea that "entity B", if it is not covered by the bankers' pay cap at the moment, not be brought into that system and that she would favour instead what she describes as "normalising pay", by which I think she means not including staff working for such an entity in a bankers' pay cap, that is, not capping their pay at €500,000 per year but allowing the entity's executives to continue to earn over the €500,000 cap. Is that correct?