The idea is to provide for two different categories of supervisory intervention into credit institutions: corrective early intervention and resolution. The type of intervention will depend on the severity of the problem, which will also determine the tools that Banco de Portugal may use. The insolvency law is also being amended with a view to facilitating the early rescue of viable firms.
If a country does not adhere to what has been agreed, we will not resume the programme. We have announced that we will suspend operations once a programme country is under review.