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Thu 02 Feb 2010Lenihan defends delegation of banking functions to NTMA
MINISTER FOR FINANCE Brian Lenihan has told the Dáil that the National Treasury Management Agency (NTMA) will lead discussions on the capital needs of the financial institutions, although Department of Finance officials will attend the talks.
He was responding to Opposition concerns about a transfer of functions from the department to the NTMA, and claims earlier from Labour finance spokeswoman JoanBurton that it “seems as though the ducks are being put in a row to provide for the full or almost full nationalisation of the banks”.
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