Michael McGrath (Cork South Central, Fianna Fail)
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Question 84: To ask the Minister for Finance his views on the matters regarding recapitalisation raised in correspondence (details supplied). [19407/11]

Michael Noonan (Limerick City, Fine Gael)
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As the correspondence the Deputy refers to is of a legal nature, I do not think it is appropriate for me to respond in any depth at this stage other than to state that a reply to the said correspondence was issued on 28 June 2011 and that the capital requirement set by the Central Bank of Ireland (CBI) for each credit institution the subject of the 31 March stress tests, including Irish Life & Permanent, has been set by the CBI in accordance with its regulatory functions.