Ciarán Lynch (Cork South Central, Labour)
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That is not the question I am asking. Mr. Wallace referred to the current state of play and said that following the sale of the loan book, a voluntary code of practice will apply, but I am saying the current resolution process for people in Allied Irish Banks, Bank of Ireland, Ulster Bank, Permanent TSB involves very specific targets which, if not met, result in the application of penalties by the Central Bank. Capital reserves must be adjusted, for example. Will any penalties apply to the new institutions? It is critical that people in difficulty be put into a resolution process. What gatekeeping exists to ensure the targets will be met by the new financial institution?