Fergus O'Dowd (Louth, Fine Gael)
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Question 78: To ask the Minister for Finance if he will respond to correspondence from a person (details supplied); and if he will make a statement on the matter. [32635/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I refer the Deputy to the comments I made in the course of my Second Stage Speech on the National Asset Management Agency (NAMA) Bill 2009 on 16 September 2009 on the effect that NAMA will have on individual institutions.

I indicated that while the banking system can be revived and serve the economy in a proper manner, the existing structures cannot remain the same. Already a number of banks are developing restructuring plans to meet EU requirements arising from recapitalisation. I am confident that this restructuring process will result in a reformed and reinvigorated banking system. While it is too early to define a definitive shape for this new banking system, it will be a focus of my work over the coming weeks.