100. Deputy Catherine Murphy asked the Minister for Finance if he will confirm that a loophole, known as the incurred loss model, which allows banks to hide losses by recognising loans at amounts above the amount the bank expects to recover will not be used in view of the fact that he plans to sell a portion of a bank (details supplied); if will ensure that this bank will reveal details of all losses in its forthcoming prospectus; and if he will make a statement on the matter. [24984/17]

Summary

100. Deputy Catherine Murphy asked the Minister for Finance if he will confirm that a loophole, known as the incurred loss model, which allows banks to hide losses by recognising loans at amounts above the amount the bank expects to recover will not be used in view of the fact that he plans to sell a portion of a bank (details supplied); if will ensure that this bank will reveal details of all losses in its forthcoming prospectus; and if he will make a statement on the matter. [24984/17]

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• Banking Operations

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