Results 3,221-3,240 of 16,537 for speaker:Brian Lenihan Jnr

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I replied to this already in the House, on the record, and the Deputy has not taken note of the reply. I do not set AIB's period for determining when it submits its plan, rather, the regulator does. That is the whole point about Tuesday's announcement. We now have an independent regulator who lays down capital ratios. I do not interfere politically with that; that is not my function as...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: ——about the appropriate shape of that bank. The only anxiety expressed to me by the European Commission on Tuesday about the announcements regarding Anglo Irish Bank was that we would be saying the same thing and would not create problems regarding the financial stability of Ireland. We are delighted to work with the European Commission regarding the structural plan for Anglo Irish Bank.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: There is no in-depth inquiry.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: There is detailed consultation taking place——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: The Deputy has asked his question and I am entitled to answer.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: We are working very closely with the Commission and when it makes inquiries it asks a question and we answer it. We have very close relations with the Commission.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: The Deputy has often outlined that he has a plan——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: ——which will save us money regarding Anglo Irish Bank. Give us the plan in writing. I would be delighted to have it evaluated——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I would be delighted to have my professional evaluators and advisors, the Department and the NTMA evaluate that plan and see whether it can save us any money.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Nothing——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I am sorry. Your party——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Deputy Kenny announced he could get out of Anglo Irish Bank for €4 billion a few months ago. Give us the plan in writing. I would be delighted to make all my professional advisors available to the Deputy and have the NTMA discuss the implications involved.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: We are not pouring scorn, but let us pour scorn on one option.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I am trying to answer the questions.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: It is very difficult to conduct a debate on this subject——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: If inaccuracies become part of the debate. We have to stick to the facts

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: The facts are very serious regarding Anglo Irish Bank. On Anglo Irish Bank, we have new management and a designated chairman to take over as chairman from the current chairman. It will bring forward plans which we will discuss with the European Commission and come to a final view on the structural plan within a short timeframe. We have to do that. We are more than available to answer...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I am not prepared to countenance default on senior debt for several reasons. First, half of the funding costs in Ireland for enterprise is funded from within Ireland. It is very important that Deputies acknowledge that. Ireland is not an Iceland which has somehow acquired a series of foreign obligations and saddled them on its taxpayers. Half of the funding requirement in our banking...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: That is not a policy and Deputy Bruton will have to face that. Where I believe there may be room for constructive discussion between us is on minimising the cost of Anglo Irish Bank because Fine Gael has always accepted and always maintained that the bank should be worked out over time. The question arises, and the chairman-designate has raised the issue, as to whether a good book can be...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: There were no such approaches. It was asserted as a fact in this House that there were approaches from certain other bankers in regard to this guarantee.