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Written Answers — National Pensions Reserve Fund: National Pensions Reserve Fund (29 Sep 2010)

Brian Lenihan Jnr: I announced, during the debate on the Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009 last March, that the preparation of the draft legislation provided an opportunity to consider once again the position regarding ethical investment of the National Pensions Reserve Fund (NPRF) and that I would establish an Interdepartmental Committee to examine the...

Business of Dáil: Motion (30 Sep 2010)

Brian Lenihan Jnr: If they can be construed as arising under the question.

Business of Dáil: Motion (30 Sep 2010)

Brian Lenihan Jnr: It has to be somewhere within the question.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: My statement issued earlier today along with statements issued by the Central Bank on the capital requirements of the Irish banks brings closure to the process of determining the level of State support required to maintain the stability of our banking system. Since the Government's announcement of the banking guarantee two years ago, the State has been required to stand behind the domestic...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: It is not a matter of bluff when the solvency of the country has to be protected. In keeping with this approach, my Department, in conjunction with the Attorney General, is working on resolution and reorganisation legislation which will enable the implementation of reorganisation measures specific to Anglo Irish Bank and the Irish Nationwide Building Society which will address the issue of...

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: The Deputy knows well that the reckless lending did not happen on my watch.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: I take full responsibility for that.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: It is not in broken pieces on the floor.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: It will not be like the Fine Gael Party's policies.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: They are.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: That is not the existing law.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: That cannot be done in legislation.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: The National Asset Management Agency started its work six months ago.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: That is not permitted under European Commission rules.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: The Financial Regulator has indicated it does not affect-----

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: Yes.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: Yes.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: That is a direct investment under the pension fund.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: Yes.

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Brian Lenihan Jnr: No, it is a capital investment.

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