148 Deputy Michael McGrath asked the Minister for Finance the potential implications for financial institutions in this State of the inclusion in the draft European bank capital directive the requirement that all loans be treated as in default when they are in arrears for more than 90 days, particularly the impact on banks’ capital requirements and their ability to work with mortgage holders in arrears; and if he will make a statement on the matter. [5529/12]

Summary

148 Deputy Michael McGrath asked the Minister for Finance the potential implications for financial institutions in this State of the inclusion in the draft European bank capital directive the requirement that all loans be treated as in default when they are in arrears for more than 90 days, particularly the impact on banks’ capital requirements and their ability to work with mortgage holders in arrears; and if he will make a statement on the matter. [5529/12]

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Timeline

1. 31 January 2012

   EU Directives

   148 Deputy Michael McGrath asked the Minister for Finance the potential implications for financial institutions in this State of the inclusion in the draft European bank capital directive the requirement that all loans be treated as in default when they are in arrears for more than 90 days, particularly the impact on banks’ capital requirements and their ability to work with mortgage holders in arrears; and if he will make a statement on the matter. [5529/12]

   Source: written

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• EU Directives

  xml · EN · 31 January 2012

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• McGrath, Michael. · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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