Dáil Éireann Debate, Thursday - 30 September 2010
61 Deputy Liz McManus asked the Minister for Finance if he will provide an update on the progress made with the restructuring and consolidation of the banking system; and if he will make a statement on the matter. [34030/10]
View answerThe State's primary consideration in its involvement in the banking system is to protect, in the public interest, the financial and economic system of the State. Therefore, all the Government's actions in the banking area are designed to support the development of a reformed and reinvigorated banking system that can serve our economy in a proper manner and, within which, there is scope for all viable credit institutions operating in the Irish market to play their full part. The State has taken over institutions in distress to protect the financial stability of the banking system. Financial institutions, with the help of the State, are seeking to ensure they meet the required capital needs which should lead to stable financial institutions.
