Financial Institutions Support Scheme.

Dáil Éireann Debate, Wednesday - 10 March 2010

Wednesday, 10 March 2010

Ceisteanna (57)

Pat Rabbitte

Ceist:

86 Deputy Pat Rabbitte asked the Minister for Finance if he has engaged consultants, or any State agency, to examine and monitor the non-National Asset Management Agency loan books of the guaranteed credit institutions; if he has a reliable estimate of the losses likely to be incurred on these loan books; if he envisages having to provide State financial support to any of the guaranteed credit institutions arising from these sub-NAMA loan books above and beyond post-NAMA recapitalisation; and if he will make a statement on the matter. [11658/10]

Freagraí scríofa

Minister for Finance (Deputy Brian Lenihan)

The Financial Regulator is currently in the process of examining the capital needs of credit institutions based on its assessment of the loan books of the institutions both pre and post NAMA and other factors. In its analysis and consideration of the matter, the Regulator has had the benefit of external assistance regarding the financial position of some institutions. I have kept in touch with the Regulator and when the figures are finalised I will consider the implications for the institution and any financial support that might be needed.