Written answers

Wednesday, 18 February 2009

Department of Finance

Financial Institutions Support Scheme

8:00 pm

Photo of Martin FerrisMartin Ferris (Kerry North, Sinn Fein)
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Question 58: To ask the Minister for Finance the meetings or correspondence he or his officials have had with the chief executives of the six largest retail banks here; and if he will make a statement on the matter. [6297/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I am assuming that the Deputy is referring to the six largest retail banks which are covered by the Government's Bank Guarantee Scheme.

To ensure the effective implementation of the Guarantee Scheme, and to ensure that covered institutions are meeting their obligations under the Scheme, my officials and I are in regular contact with the covered institutions. In addition, the Central Bank and Financial Regulator are consulted on the implementation of the Scheme on an ongoing basis.

Since January, myself and/or my officials have met and corresponded with the chief executive of Bank of Ireland, the chief executive of AIB, the chief executive of EBS and the former chief executive of Irish Life & Permanent.

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