Tommy Broughan (Dublin North East, Independent)
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Question 493: To ask the Minister for Finance if the 2006 Fitch Ratings Agency Report, which predated the economic crash here, was discussed at the Management Committee of his Department; and if he will make a statement on the matter. [33376/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I understand that the Deputy is referring to the Bank Systemic Risk Report, which was published as part of a special report series by Fitch Ratings in February and September 2006.

The specific issues, in relation to the banking sector discussed in the report would have fallen within the remit of the Financial Regulator and the Central Bank. In that context, records from my Department indicate that this Report was not discussed at the Management Committee of the Department Finance.

The Deputy may wish to note that Fitch affirmed Ireland's AAA rating in October 2006.