With the Troika and the other Irish authorities, the Central Bank has been actively studying ways of enhancing the security of the arrangements surrounding the provision of liquidity to IBRC and ensuring that avoidable deleveraging costs to the system as a whole are not incurred in the disposal of non-core assets.
This is a large ambition, and the design of a full  BIS central bankers’ speeches  1  solution that would achieve the objectives and respect the constraints of all the parties has not yet been finalised.