Public funds were employed, where necessary and possible, including to maintain business continuity in cases of liquidation.
And for me, the current state of negotiations – an output floor of 72.5 per cent – is too high; but it is still enough for models to remain an attractive tool. While risk sensitivity will be diminished by setting the output floor at this level, it still represents a far better outcome than the originally envisioned output floor of 80 per cent.