Ms Mary O'Dea:

Well, now we have a special resolution regime actually across Europe and individually. At the time and actually, to me, it's a clear sign that nobody envisaged what was going to happen across Europe because there was no special resolution regime for banks. Banks have to be treated differently, as we now know, in terms of how they're resolved. It has to be done in a particular way and the IMF were simply pointing out that this should be a standard part of the toolkit for any regulatory crisis.