Dáil debates

Wednesday, 12 January 2011

2:30 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)

Question 64: To ask the Minister for Finance the current state of affairs at Allied Irish Banks; the implications of State ownership for members of the bank's board of directors; if he proposes to allow to continue in office those directors who remain in place since before the introduction of the original blanket bank guarantee in 2008; the position in relation to the proposed sell off of good assets by Allied Irish Banks to a new or expanded National Assets Management Agency vehicle, in view of comments recently attributed to the head of Financial Regulation, Mathew Elderfield; if he will estimate the likely capital requirements of AIB once the revised PCAR analysis has been carried out in early 2011; when he expects that these new capital requirements will have to be met; to the extent that the State will be meeting these capital requirements, the mechanism he intends to use to achieve this; and if he will make a statement on the matter. [1444/11]

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