Brian Lenihan Jnr (Dublin West, Fianna Fail)

No. The whole basis of the selection of the six institutions was that as a sovereign State we ultimately hold responsibility in political terms for these six institutions. They are the orphans of the international banking storm in the sense that they would be if they did not have Ireland behind them. All the other institutions based here have some other sovereign to look to. Clearly, for example, in the event of a catastrophic event here in Ireland, the institutions that are subsidiaries of a United Kingdom bank could look to Her Majesty.

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