Written answers
Wednesday, 12 October 2011
Department of Finance
Consultancy Contracts
7:00 pm
Kevin Humphreys (Dublin South East, Labour)
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Question 45: To ask the Minister for Finance if the Central Bank of Ireland has consulted with any outside agencies with regard to stressed mortgages; the names of these agencies; the nature of the advice provided; and if he will make a statement on the matter. [28916/11]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Central Bank that in the context of the Financial Measures project, consultancy advice was provided in relation to all the relevant aspects of the stress testing exercise undertaken for AIB, EBS, Bank of Ireland and Irish Life and Permanent including mortgages. This work was undertaken by a team of consultants from three companies namely - Blackrock, BarCap and BCG.
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