Written answers
Thursday, 9 July 2009
Department of Finance
Financial Services Regulation
12:00 pm
Denis Naughten (Roscommon-South Leitrim, Fine Gael)
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Question 148: To ask the Minister for Finance his plans to raise new procedures introduced by a bank (details supplied) with the Financial Regulator; and if he will make a statement on the matter. [29621/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Deputy will appreciate that the issue he raises is one that falls within the remit of the Financial Regulator in its on-going engagement with the various financial institutions. I am advised by the Financial Regulator that, at this time, they are unaware of the proposal mentioned. It needs to be borne in mind that a balance must be struck between the influence the Government brings to bear on banks through the bank guarantee scheme and other financial support incentives while allowing such institutions the scope to run their operations on a strictly commercial basis.
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