86 Deputy Noel Ahern asked the Minister for Finance the new rules laid down by the Financial Regulator in relation to the new capital requirements of financial institutions; if he will refer to recent media reports that banks can get around their regulations or ratios by the setting up of special purpose vehicles, which allow banks to borrow up to €34 billion extra; if he will outline the factual position; and if he will make a statement on the matter. [30921/10]

Summary

86 Deputy Noel Ahern asked the Minister for Finance the new rules laid down by the Financial Regulator in relation to the new capital requirements of financial institutions; if he will refer to recent media reports that banks can get around their regulations or ratios by the setting up of special purpose vehicles, which allow banks to borrow up to €34 billion extra; if he will outline the factual position; and if he will make a statement on the matter. [30921/10]

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• Banking Sector Regulation

  xml · EN · 8 July 2010

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