Dáil debates

Wednesday, 8 July 2009

 

Financial Institutions Support Scheme.

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)

I refer to the ongoing discussions with the banks which the Minister has overseen. What commitments or indications have been entered into with the banks in terms of valuation criteria? Have these been the subject of any of the discussions or are they entirely out of bounds until an Oireachtas view is taken?

With regard to the management of the property portfolio which the State will soon own, how is it intended to manage that process? Does the Minister intend to establish a special court - as happened in Sweden - where issues of legal challenge could be quickly dealt with rather than having this process endlessly delayed in visits to High and Supreme Courts during the process?

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