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Thu 11 Nov 2008Cowen says report found banks in excess of capital requirements
TAOISEACH Brian Cowen told the Dáil yesterday that the joint board of the Central Bank and Financial Services Authority of Ireland had submitted to the Minister for Finance a report on the financial position of the six major institutions covered by the bank guarantee scheme.
"The Minister has met with the governor of the Central Bank, the Financial Regulator and PricewaterhouseCoopers (PwC) to discuss the report, which presents an analysis of the capital positions of the six institutions having regard to their loan book. The content of the report is, of course, commercially-sensitive, the details of which cannot be disclosed."
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