Oireachtas Joint and Select Committees

Wednesday, 13 November 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Discussion with Minister for Finance

10:30 am

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Picking up on the last point about the criteria that will be laid down for the stress testing, we have had discussions before about the core tier 1 capital requirement being reduced to 9% and now 8% and the advantage this could afford to the State in the context of stress testing the banks. When does the Minister expect to receive the detail of the financial instruments that will be included in core tier 1 capital to be made available to the State which will give an indication of whether there is cause for concern?

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