Written answers

Wednesday, 9 June 2010

Department of Finance

Banking Sector Regulation

5:00 am

Photo of James ReillyJames Reilly (Dublin North, Fine Gael)
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Question 47: To ask the Minister for Finance further to Parliamentary Question No. 144 of 1 June 2010, the proportion of Anglo Irish Bank's liabilities that is owed to Irish credit union and Irish pension funds; the reason that bondholders cannot be forced to accept losses due to the fact that so many of them are Irish credit union and Irish pension funds; and if he will make a statement on the matter. [24582/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy is aware the Board of the bank is responsible for the day-to-day operations of the bank.

The bank provides details of its assets and liabilities through the Annual Report and Accounts. The Report and Accounts for the 15 month period to 31 December 2009 were published in March 2010, please see following link http://www.angloirishbank.com/About-Us/Reports/. In addition, the bank makes appropriate disclosures to the regulatory authorities.

The Deputy will appreciate that a breakdown of the information in the manner requested is confidential and commercially sensitive and I do not have available the breakdown of the liabilities into the categories requested by the Deputy.

The Deputy is no doubt aware that bondholders are covered under the Government Guarantee Scheme; this includes all liabilities for the period from 30 September 2008 to 29 September 2010.

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