Mr. Feargal Ó Brolcháin:

The bulk of the guideline sets out in detail how the application will be dealt with, how it will be assessed, the rules relating to the cascade for a bail-in and so forth and makes provision for guarantees.

As I have outlined, Article 4 provides that the board of governors may do this, decide on a case-by-case basis, and the modalities will be decided when the decision on retrospection is taken. That is all it states.