286. Deputy Pearse Doherty asked the Minister for Jobs, Enterprise and Innovation if his attention has been drawn to a legal opinion produced by a person (details supplied) this year which confirms that efforts by the IASB to drop prudence, the safeguard against overvaluing bank loans, from the accounting framework was not endorsed by the EU and is, therefore, contrary to EU company law; and if he will make a statement on the matter. [1710/14]

Summary

286. Deputy Pearse Doherty asked the Minister for Jobs, Enterprise and Innovation if his attention has been drawn to a legal opinion produced by a person (details supplied) this year which confirms that efforts by the IASB to drop prudence, the safeguard against overvaluing bank loans, from the accounting framework was not endorsed by the EU and is, therefore, contrary to EU company law; and if he will make a statement on the matter. [1710/14]

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• Banking Sector

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