281. Deputy Mattie McGrath asked the Minister for Finance if he is aware of the global media reports which have highlighted that global financial institutions (details supplied) have publicly admitted to setting aside billions of dollars in reserves to cover losses arising from the collapse in oil prices and the impact that it is having on the associated loans advanced for energy exploration; his views on headlines warning that big banks brace for oil loans to implode; if he is concerned about this potential contagion spreading to the European banking system; if he has discussed these issues with his European colleagues; and if he will make a statement on the matter. [13629/16]

Summary

281. Deputy Mattie McGrath asked the Minister for Finance if he is aware of the global media reports which have highlighted that global financial institutions (details supplied) have publicly admitted to setting aside billions of dollars in reserves to cover losses arising from the collapse in oil prices and the impact that it is having on the associated loans advanced for energy exploration; his views on headlines warning that big banks brace for oil loans to implode; if he is concerned about this potential contagion spreading to the European banking system; if he has discussed these issues with his European colleagues; and if he will make a statement on the matter. [13629/16]

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• Central Bank of Ireland Supervision

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