Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We have gone through the credit lines provided for in this legislation, which would be open for member states to apply to if they met criteria, which I believe to be outdated. In each of those credit lines conditionality is negotiated with the ESM and, in some cases, the IMF. Some of the conditionality will be corrective and some will relate to meeting the criteria.

Let me just go back to the Single Resolution Fund because the ESM will also lend to the SRF in order to bail out banks after the bondholders have been burned. What conditionality do we place on the financial institutions as a result of making that lending available to the Single Resolution Fund which will then make it available to the financial institutions?