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Written Answers — Consumer Credit: Consumer Credit (2 Feb 2010)

Richard Bruton: Question 263: To ask the Minister for Finance his views on whether the collection of data on consumer credit and the use of that information for credit rating requires a fresh legislative framework to ensure fair competition between providers, to ensure consistent and fair methods of registering data, to evaluate the correct limits of data protection, to decide the public interest issue in...

Written Answers — EU Funding: EU Funding (2 Feb 2010)

Richard Bruton: Question 264: To ask the Minister for Finance the range of European Union programmes for providing credit to small and medium enterprises and the number of these from which Ireland has drawn down funding and the value of funding drawn down by small business here during 2009 on each programme; and if he is satisfied with the mechanism here for accessing these funds and if he is considering...

Written Answers — Industrial Development: Industrial Development (2 Feb 2010)

Richard Bruton: Question 393: To ask the Minister for Foreign Affairs if there is an implementation group working on initiatives considered by the leaders from different sectors at the meeting in Farmleigh, Dublin; the main headings under which this work is being advanced; and if ordinary citizens may input into the process. [5307/10]

Written Answers — Animal Welfare Bodies: Animal Welfare Bodies (2 Feb 2010)

Richard Bruton: Question 587: To ask the Minister for the Environment, Heritage and Local Government if capital or current funding is available for voluntary run services for dog protection; and if he will make a statement on the matter. [5380/10]

Written Answers — Schools Emergency Repairs: Schools Emergency Repairs (2 Feb 2010)

Richard Bruton: Question 660: To ask the Minister for Education and Science if he will approve a grant for plumbing services and additional tank capacity in respect of a school (details supplied) in Dublin 5 which had disruption of water supply during the recent bad weather. [4855/10]

Order of Business (3 Feb 2010)

Richard Bruton: Yesterday, the Minister for Finance issued a press release indicating that he intended to delegate functions to the NTMA which have a very intimate bearing on banking policy for the State. The NTMA is not subject to freedom of information requests and it does not have the same Dáil scrutiny so taxpayers do not have the opportunity to oversee its activities. These included the conduct of...

Order of Business (3 Feb 2010)

Richard Bruton: That is the question I asked.

Order of Business (3 Feb 2010)

Richard Bruton: It is relevant to the Order of Business to ask whether this order will be presented to the House for debate. The Taoiseach should either respond now or provide Deputies with a response so that we can continue to discuss this issue tomorrow.

Banking Sector Regulation. (3 Feb 2010)

Richard Bruton: Question 86: To ask the Minister for Finance if the proposed banking inquiry will have constraints on its investigations or on the publication of findings; and if he will make a statement on the matter. [5683/10]

Banking Sector Regulation. (3 Feb 2010)

Richard Bruton: I thank the Minister for his reply. When he uses the word "culminated" in regard to the bank crisis, is he still talking about a September 2008 end with respect to the investigation? Do we not have to learn whether the response to this crisis was adequate, just as much as we need to learn whether the preventative strategy in place before the crisis broke was adequate? Why should people's...

Banking Sector Regulation. (3 Feb 2010)

Richard Bruton: If I ever had the chance to be in the Minister's position, I would commit to open the inquiry. Although these measures have been fully debated, there have been honest different opinions as to which strategy was best, whether we made mistakes and whether the information provided to the Minister was adequate for him to make informed decisions. We need to investigate that if we are to learn...

Financial Institutions Support Scheme. (3 Feb 2010)

Richard Bruton: On a point of order, there is an important issue here as to whether the Minister has just promised a piece of secondary legislation that will come into the House for debate. Could I clarify, with the assistance of the Leas-Cheann Comhairle, whether the Minister just announced that there will be secondary legislation that will come to the House for debate?

Mortgage Debt. (3 Feb 2010)

Richard Bruton: Question 90: To ask the Minister for Finance the initiatives under study by the new group considering debt distress and home repossession; and the timeframe set for implementation of agreed measures. [5682/10]

Mortgage Debt. (3 Feb 2010)

Richard Bruton: We have two versions of what is happening. One version is that the Minister is extending the membership of a think-tank and the second version is the one that has come from the Minister for Communications, Energy and Natural Resources, Deputy Eamon Ryan, that the Government is preparing a new scheme to bail out mortgage holders and that Cabinet will approve an implementation committee for...

Mortgage Debt. (3 Feb 2010)

Richard Bruton: The second issue was whether the Minister will arrange to extend with the covered banks the moratorium which is now coming to an end for 6,400 people.

Mortgage Debt. (3 Feb 2010)

Richard Bruton: I want to press the Minister on this matter. The essence of any of these arrangements is that there is some write-down by the banks of the value of their loan. In principle, is this something the Minister is willing to contemplate, otherwise much of this work will be for naught. I ask the Minister to understand there is a great deal of pressure out there. While an extension of the...

European Central Bank Lending. (3 Feb 2010)

Richard Bruton: While I welcome the reduction in the dependence of financial institutions on ECB funding, that dependence has increased since October. That is, while it is lower than the peak of last summer, it is rising once again. Is the Minister confident we will have enough qualifying collateral as the ECB tightens its lending range, as it has indicated it will in the course of the year? The values...

European Central Bank Lending. (3 Feb 2010)

Richard Bruton: A downgrading of bond ratings could see them fall out of the qualifying list.

European Central Bank Lending. (3 Feb 2010)

Richard Bruton: Is it the case, however, that we have no guarantee in this regard? Is it dependent on the rating of those bonds from time to time?

Banking Sector Recapitalisation. (3 Feb 2010)

Richard Bruton: I thank the Minister for his helpful reply. Why did the Minister not exercise his rights to take ordinary shares, rather than going to the European Commission to try to find a way of getting an exception to its general ban on the payment of dividends? My understanding was that the Minister structured the deal in such a way that in the event of non-payment, he would receive ordinary shares,...

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