Terence Flanagan (Dublin North East, Fine Gael)

The Financial Regulator said that €15 billion has been loaned to developers whose collateral is Irish property. Can the Minister get the banks to come clean and list the bad debts relating to that property, given that they will never realise that money? That there is uncertainty about this has not helped the banks' share prices. Under paragraph 8 the Minister has the power to review the terms and conditions of the guarantee scheme. Will he charge the banks a more commercial rate when he reviews the scheme?

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