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
Pearse 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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