Dáil Éireann Debate, Wednesday - 20 July 2011
92 Deputy Thomas P. Broughan asked the Minister for Finance if he is confident that the two pillar banking model will survive through the ongoing banking crisis and if he has given any consideration to the creation of a single Irish pillar bank based in the performing assets of the State-controlled institutions; and if he will make a statement on the matter. [21722/11]
View answerThe Deputy will be aware of my Statement on Banking of 31 March 2011 where I set out Government policy in relation to the matters the Deputy has raised. The Government has no plans to change its strategy at this stage.
The recent positive review delivered by the Troika as well as the EBA stress test results for the two pillar banks reinforces that decision and puts us on the path to re-start stability and economic growth in core businesses based on a sound and well capitalised banking system with two pillar institutions.
