Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013

10:00 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I understand the information the officials are to come back to me with. They said that as part of the stress test done by the Central Bank or whoever, there was provision for some write-down of mortgages in some of the banks. What I am asking is, how much of the funding in respect of possible mortgage write-downs that went to the banks as a result of the stress test did the banks actually use to write off people's accounts? I suspect there is no relationship between the two. I think they got about €5 billion or €6 billion for mortgage write-downs and there is no evidence they have done any of that in the market.

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