Brian Lenihan Jnr (Dublin West, Fianna Fail)

The non-NAMA book was assessed by the regulator and his independent determination was that the provisioning envisaged in the capital sum is sufficient to cover requirements, which will be the asset of the asset bank in the future.

I welcome the fact that Fine Gael and the Labour Party accept the need to meet the 3% target by 2014. Deputy Morgan has indicated that his party does not, meaning that if we were to persist in that policy we might not be able to raise money in the future, accelerating a severe financial crisis.

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