Tommy Broughan (Dublin North East, Labour)
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Question 86: To ask the Minister for Finance if he anticipates further stress tests for Irish banks in view of the likely impact of new stress tests in other EU countries on peripheral countries' sovereign debt and the further impact on contingent convertible bonds and the capitalisation of Irish banks; and if he will make a statement on the matter. [29589/11]

Michael Noonan (Limerick City, Fine Gael)
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The Central Bank has informed me that there are no formal proposals from the European authorities or otherwise in this regard. They have also advised me that as agreed in the Memorandum of Understanding (MoU) and the Memorandum of Economic and Financial Policies (MEFP) with our external partners, a further Prudential Capital Assessment Review (PCAR 2012) will be carried out in 2012 to assess the adequacy of the capital of the banks at that time as part of an ongoing programme of capital review.