10.Ireland shall during 2013, in line with specifications in the Memorandum of Understanding:
(a)complete a balance sheet assessment before the end of the programme, as part of the preparatory work towards a stress test to be conducted in accordance with the new EU methodology;
(b)deleverage the domestic banks towards the end-2013 nominal targets for non-core asset disposals and amortisation in line with the 2011 PLAR, unless otherwise agreed with the European Commission in the context of ongoing assessments of banks’ restructuring plans, and monitor banks’ progress towards the relevant Basel III liquidity and net-stable-funding ratio requirements in line with the advanced monitoring framework agreed under the programme;
(c)communicate to the Commission the funding model for Irish Water and announce a definitive time-plan for the introduction of domestic water charges in the fourth quarter of 2014.