Róisín Shortall (Dublin North West, Labour)
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Question 70: To ask the Minister for Finance if financial support, within the meaning of the Credit Institutions (Financial Support) Act 2008, has been sought by or provided to a credit institution or subsidiary by individual agreement under Section 6(4) of that Act rather than under the general terms of the Credit Institutions (Financial Support) Scheme 2008 (SI 411 of 2008); if so, the nature of such support; and if he will make a statement on the matter. [38835/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Under section 6 of the Credit Institutions (Financial Support) Act 2008, the Minister for Finance can provide financial support to such credit institutions and subsidiaries as the Minister specifies by order. Section 6(4) provides that the provision of financial support may be effected by individual agreement, a scheme made by the Minister or otherwise. To date the only financial support that has been provided under the Act had been provided under the Credit Institutions (Financial Support) Scheme 2008 (SI no 411 of 2008). No financial support has been provided under an individual agreement.