Mr. John A. Moran:

We have had an engagement with the banks. I would not use the word "lobbying" because one of the things I was asked to do when I was made Secretary General was to engage with stakeholders. We have bilateral discussions all the time with stakeholders, including bank representatives, in order to ascertain their views on various issues. In this instance, we solicited a consultation with stakeholders on the various key recommendations, which would have involved garnering the views of the banks. After the steering group's review was completed, it went to a Cabinet sub-committee and ultimately on to the various committees and the Parliament. On the specific issue the Deputy raised, there was a balance to be struck, including on the question of the consent requirements for various classes of creditors.