Written answers
Thursday, 17 June 2010
Department of Finance
Financial Institutions Support Scheme
5:00 pm
Ciarán Lynch (Cork South Central, Labour)
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Question 65: To ask the Minister for Finance the total liabilities currently guaranteed under the credit institutions financial support guarantee scheme; the total liabilities currently guaranteed under the eligible liabilities guarantee scheme; the total liabilities he expects to be guaranteed under ELG scheme before 30 September 2010; and if he will make a statement on the matter. [25612/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Returns for the end of April were submitted to the Financial Regulator on 28 May and are being analysed at present. The end May figures are not yet available. As of the end March, liabilities guaranteed under the Covered Institutions (Financial Support) Scheme (CIFS) amounted to €130 billion while liabilities under the Eligible Liabilities Guarantee Scheme (ELG) amounted to €139 billion. I would expect further amounts of the eligible liabilities currently covered under CIFS to rollover into ELG as they mature however as the Deputy is aware, asset-covered securities and dated subordinated debt, which together amounts to €11.8 billion at end March, cannot be covered under the ELG.
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