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

I have looked at the European Commission's website regarding the letter sent to it on 14 January by the then Minister for Foreign Affairs, Deputy Martin, which stated that the regulator assured that Anglo Irish Bank was capitalised above the minimum rates. I appreciate this was a competition issue, but regarding the division Mr. Nava heads up, is it correct that there was no requirement to assess whether the bank was in compliance with the minimum capital requirements at the time?