Peter Power (Limerick East, Fianna Fail)

I am just addressing a simple and straightforward issue raised by Deputy Rabbitte. He made the point that the guidelines should be mandatory and that instead of using the term "may", we should use "shall". If we were to accept the amendment by Deputy Rabbitte and if we were to accept the amendment by Deputy O'Donnell, it would be mandatory on the Minister to make guidelines on the limited class of credit lines referred to in Deputy O'Donnell's amendment. This would not enable the Minister to examine different categories of credit impairment that may evolve over the time of NAMA. Therefore, he would have no flexibility. That would be the net result of accepting both amendments.

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