Written answers
Thursday, 16 January 2014
Department of Finance
Credit Availability
Bernard Durkan (Kildare North, Fine Gael)
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79. To ask the Minister for Finance the extent to which the credit needs of business here is being met by banks in other jurisdictions; and if he will make a statement on the matter. [2115/14]
Michael Noonan (Limerick City, Fine Gael)
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I, as Minister for Finance, have no statutory role in relation to the issues raised by the Deputy.
I have been advised by the Central Bank that it does not publish statistics regarding lending by banks in other jurisdictions to business in Ireland.
The Central Bank of Ireland has overall responsibility for the authorisation, regulation and supervision of credit institutions operating in Ireland. In addition the Central Bank is responsible for oversight of liquidity and conduct of business for branches of non-Irish licensed banks operating in Ireland.
The authorisation, regulation and supervision of credit institutions operating in foreign jurisdictions are matters for the regulatory authorities of each jurisdiction.
Bernard Durkan (Kildare North, Fine Gael)
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80. To ask the Minister for Finance the extent to which Irish lending institutions have provided credit or other lending facilities to applicants in other EU jurisdictions; and if he will make a statement on the matter. [2116/14]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Central Bank of Ireland that the information sought by the Deputy is contained in Credit, Money and Banking Statistics: Publications and Releases in Table A.7.1 Loans to Non-Residents – Other Euro Area and Table A.7.2 Loans to Non-Residents – Non-Euro Area.
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