Oireachtas Joint and Select Committees
Wednesday, 31 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of IBRC: Discussion
10:30 am
Mr. Alan Dukes:
That is a reasonable deduction from the figures we have produced. As I mentioned in a supplementary comment just a few minutes ago, we are concerned to maintain that capital base for two reasons. First, it seems prudent that we should maintain a capital cushion as we go through a very uncertain market situation; and, second, we want to ensure there is some return at the end of the process out of what has been pumped in so far.
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