The Central Bank will direct the recapitalisation of ILP to achieve a capital ratio of 12 percent core tier 1.
Introduced at R0. See revised text of condition -- finalize plans for recapitalization of the ILP. At R1R2, modified to a new SB, "Complete the recapitalization of Allied Irish Banks, Bank of Ireland, Irish Life and Permanent and EBS Building Society (MEFP, ¶17)."