Written answers
Wednesday, 8 June 2011
Department of Finance
Banking Sector
9:00 pm
Stephen Donnelly (Wicklow, Independent)
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Question 72: To ask the Minister for Finance if he will provide the content and conditions of the formal comfort he has provided to the Central Bank of Ireland in relation to any potential shortfall in the liquidation of collateral, as referenced on page 104 of the Central Bank of Ireland's 2010 Annual Report; and if he will make a statement on the matter. [14581/11]
Michael Noonan (Limerick City, Fine Gael)
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I can confirm that formal comfort was provided to the Central Bank that any shortfall on the liquidation of collateral would be made good, as reported in the Central Bank Annual Report 2010.
The Deputy will understand, however, that the details of correspondence on this issue between the Minister and the Governor are market-sensitive and must remain confidential.
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