Ciarán Lynch (Cork South Central, Labour)
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That brings me on to the next question. There are resolution targets. The delegation mentioned its own resolution targets in its opening statement. I will return to this later. Under the existing scheme, set out around April of last year, very specific targets were set for the banks. There are percentages of 25%, 35%, 50%, etc. There was a carrot-and-stick approach. The stick approach is that if financial institutions do not meet their targets, capital penalties will apply to them. The loan book being sold contains people with performing mortgages. They may be performing just by their fingertips but there are people in resolution processes, as has been explained. I will go into the detail of the resolution process later. What is the position on the resolution targets pending the sale? If the Central Bank has no role in this matter, how can penalties be applied according to the code of conduct?