Oireachtas Joint and Select Committees

Wednesday, 16 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Matters Relating to the Economy: Discussion with Governor of Central Bank

2:30 pm

Professor Patrick Honohan:

The answer to the Deputy's question is that in the third quarter of this year we will be conducting the new capital adequacy exercise, updating what was done in the first quarter of 2011. We are preparing for that. We will use all relevant information. We will look at that stage at what method the Revenue Commissioners have come up with to see if it throws additional light on all the information we already have. We will use all that information. We do not need to do it on a week-to-week basis. We see if there is any additional information in that to be used. I am not sure there will be all that much but we will certainly not ignore it.

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