Andrew Doyle (Wicklow, Fine Gael)
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Question 108: To ask the Minister for Finance if, subject to the provision of the Ethics in Public Office Acts, a bank (details supplied) will be required to make declarations of interest; and if he will make a statement on the matter. [10294/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy is aware Anglo Irish Bank Corporation is a public body for the purposes of the Ethics in Public Office Acts 1995 to 2001. The relevant employees of the bank are, by virtue of regulation 5 of SI No 699 of 2004, subject to the provisions of these Acts. It is necessary, however, to designate the positions of Chairman and members of the Board for the purposes of the Acts. The requisite Statutory Instrument, in this regard, will be laid before the Houses of the Oireachtas in the near future.

Andrew Doyle (Wicklow, Fine Gael)
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Question 109: To ask the Minister for Finance if he will provide the board of a bank (details supplied) with national priorities and objectives to guide the risk management strategy of the bank. [10295/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Anglo Irish Bank is being run on arms length commercial basis. The Board of Anglo is currently preparing a comprehensive business plan which will be required to demonstrate how the Board will oversee the continued commercial operation of the bank in the best interests of the bank, the financial sector generally and the State. This report, which will include details of the proposed risk management strategy, will be submitted to me in the near future.

Also, the Government has stated that it will examine proposals for the management and reduction of risks within financial institutions with respect to specific exposures in land and development, having regard to international developments. As indicated, I will be bringing forward proposals on this as a matter of priority. Ongoing work at European Central Bank and EU level will inform the process.