Dominic Hannigan (Labour)

We are only looking for this measure to be brought in for the period of financial support which is, in effect, two years. The Minister spoke earlier about how moral hazard would be a priority for him in this issue.

In regard to share options, we are providing a guarantee to these institutions to avoid the potential to go under. There is a clear bet here if we offer share options to executives. They know that if the share price rises, they can exercise their options making personal profits and that if the share price goes down, because of their bets, the Minister and every taxpayer will guarantee their losses.

We are looking for this measure for two years. It is not a great deal to ask or that difficult to include it in the Bill. When it comes to giving maximum salaries, we could even throw in a car if needs be. This is a sensible measure and if the Minister is serious about the whole issue of moral hazard, something like this needs to be included the Bill.