Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I thank Mr. Carrigan for his very comprehensive briefing. We will limit the first round of questions and answers to 12 minutes and bring people back in for a second round if necessary. Is that agreed? Agreed. I will ask some questions to get the ball rolling.

In addition to the implementation of the capital requirement regulation, the capital requirement directive and the bank recovery and resolution directive, it is strongly recommended that a set of additional issues, including support for more stringent supervision of loan-to-value ratios, be addressed with regard to the separation of banks' trading activities. There are high-street banks in which one lodges one's salary at the end of the month and from which one obtains a mortgage or business account and there are investment houses through which major construction and development projects would have been financed. The two have different risk profiles. With regard to the restructuring of the banks, which is what this process is very much about, how much has the Irish banking system been examined with this in mind? Have the risks of both types of banks been monitored in terms of moneys they may have in accounts and their management of loan-to-value ratios?