John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

When we had the Central Bank representatives at the committee last week, we spoke to them about how the banks record or account for their losses. There is an EU regulation that sets out how that is to be done. I presume all of the banks follow the EU regulation. Has any bank been following advice that has been given to them by accountancy firms around that or do they stick rigidly to the regulation?