Brian Cowen (Laois-Offaly, Fianna Fail)

These matters have the full attention of Government at all times albeit not always with the support of Members of the House. That is a matter for debate in respect of all the initiatives we have brought forward, all of which have been supported internationally.

The next phase of restructuring the banking system relates to the valuation of the distressed assets and their removal to the NAMA operation. Arising from that is the recapitalisation of the banks affected by the removal of the distressed assets. As the Deputy will know, that is under way at present. The Minister intends to take a comprehensive approach to all of that and in coming weeks and months the Government intends to proceed on the basis that the current valuation method used for the NAMA operation will be completed.

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