175. Deputy Mick Wallace asked the Minister for Finance his views on claims by the chartered accountants regulatory board, who have stated that accounting standard IAS 39 forces banks to portray an inaccurate financial position; his further views that his assurances, provided in reply to Parliamentary Question No. 185 of 18 February 2014, that banks have not systemically overvalued loans in their published accounts could be misleading; and if he will make a statement on the matter. [6178/16]

Summary

175. Deputy Mick Wallace asked the Minister for Finance his views on claims by the chartered accountants regulatory board, who have stated that accounting standard IAS 39 forces banks to portray an inaccurate financial position; his further views that his assurances, provided in reply to Parliamentary Question No. 185 of 18 February 2014, that banks have not systemically overvalued loans in their published accounts could be misleading; and if he will make a statement on the matter. [6178/16]

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Timeline

1. 6 April 2016

   Banking Sector Regulation

   175. Deputy Mick Wallace asked the Minister for Finance his views on claims by the chartered accountants regulatory board, who have stated that accounting standard IAS 39 forces banks to portray an inaccurate financial position; his further views that his assurances, provided in reply to Parliamentary Question No. 185 of 18 February 2014, that banks have not systemically overvalued loans in their published accounts could be misleading; and if he will make a statement on the matter. [6178/16]

   Source: written

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• Banking Sector Regulation

  xml · EN · 6 April 2016

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• Wallace, Mick. · Asking member
• Finance · Finance · Addressed to

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