Irish Finance Minister Brian Lenihan will today set out his plans to free the country’s banks of toxic real-estate loans and jumpstart the financial system.

Lenihan is due to speak in the Dublin parliament at about 5:30pm. Separately, the National Asset Management Agency will announce how much it will pay for the loans from lenders including Allied Irish Banks and Bank of Ireland and the regulator will set new capital buffers banks must put in place.

The government’s aim is to revitalize an industry crippled by the collapse of the real-estate market and Ireland’s deepest recession.