The funders have pressed for firm deadlines on downsizing the banks, packaging and selling non-core and other saleable assets to reduce credit risk and exposure to funding risk, though not at the cost of incurring fire-sale costs.
This includes some expansion in the role and streamlining of NAMA, and streamlining of the procedures required for its price determination, as well as employing some borrowed funds to enhance the credit rating and saleability of portfolio assets.