Joan Burton (Dublin West, Labour)
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Question 197: To ask the Minister for Finance the amount of the investment position of Irish credit unions that is accounted for by holdings of domestic credit institutions' senior debt; the amount by subordinated debt; the amount that each is accounted for by senior and subordinated debt by Anglo Irish Bank; and if he will make a statement on the matter. [14523/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Composite information, as requested by the Deputy, on the holdings of domestic credit institutions bank senior and subordinated debt held by Irish credit unions is not available.

Credit institutions, including the specific institution referred to in the Deputy's question do not have access to comprehensive information on the holders of their senior and subordinated debt, because such debt is publicly traded and dealt through clearing house systems. Issuers do not have access to the records of those systems and the issuer has no means of establishing the underlying ownership of its bonds at any given time. Unlike in the case of shares, the holders of credit institutions' senior and subordinated debt instruments are not subject to a disclosure regime.

Such information as a credit institution may have on the holders of its debt, would be indicative only and based on an institution's client-specific and general market information. Such information would be commercially sensitive and subject to the normal provisions on client confidentiality where applicable.