Brian Lenihan Jnr (Dublin West, Fianna Fail)

However, there is power in the NAMA legislation to set aside transactions executed in favour of family members, that would attempt to defeat its purposes in the collection of the debts. That is the statutory position in that regard. The ingenuity of the professional advisers who advise those who seek to arrange their affairs to avoid enforcement has to be matched by the ingenuity of NAMA in dealing with them.

On Deputy O'Donnell's question about commitments and the position on capital, of course I made it clear at all stages to the regulator — as I am bound to do as Minister for Finance — that the State would meet whatever minimum capital requirement was there for Anglo. Were the State not to give that undertaking, which is one that is frequently given by me in this House——

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