Dinny McGinley (Donegal South West, Fine Gael) | Oireachtas source

Under the relationship framework agreement which is in place between the Department of Finance and the banks, the Minister has no statutory function in banking decisions made by individual lending institutions. The Minister must ensure the banks are run on a commercial, cost-effective and independent basis to ensure their value asset to the State as per the memorandum on economic and financial policies agreed with the European Commission, the ECB and the International Monetary Fund.

I will convey the Senator’s concerns to the Minister.