Kevin Humphreys (Dublin South East, Labour)
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I had a problem with the representatives of Bank of Ireland when they came before us because it appears that their institution has closed down to some degree in respect of this matter, even though it is in its interests to engage and in certain - but not all - circumstances to write down some of the secured borrowings involved.

However, it is refusing point blank to do this and there continues to be a resistance in the policy statement to doing it. Mr. O'Connor has also said in his statement that his organisation gives the process time to settle down to see if that is the reality. What length of time does he believe we must give it because I would not like it to be very lengthy? Has he considered the recommendations made on legislative changes that would need to be made to bring the banks to that sense of reality?