Peter Mathews (Dublin South, Independent)
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This week is in stark contrast to last week, yet it is the same bank or banks that are talking about the two sides of their balance sheets. Distressed mortgage lending is an asset that impacts immediately on capital requirements and provisioning, yet the banks must try to use their resources to lend new money to new businesses and new money for projects to old businesses that are weighed down by debt. As I said to the previous visitors, the information we got in broad report terms and the management information for a period of four to five years was totally unreliable and misleading, and it hid the lack of prudential policy on the part of the boards of banks. Has Mr. Jim Brown had an opportunity to read the paper I gave him the other day?