Oireachtas Joint and Select Committees

Wednesday, 25 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Matters Relating to the Economy: Discussion with Governor of Central Bank

3:30 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour)
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I propose to give the last five minutes of my time to Senator Hayden because she has a pressing appointment. The Governor is very welcome. Can I ask him to confirm a couple of reports I have picked up on? Not everything in the newspapers is correct. Did representatives of the Central Bank, the EU and the IMF meet over two days to agree a blueprint for a bank health check that will look at the asset quality of the Irish bank loans? It was reported in The Sunday Business Post last weekend that Ernst & Young and KPMG have been appointed to carry out these stress tests or health checks and have started work on them. Are those reports correct?