Joe Carey (Clare, Fine Gael)
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Question 500: To ask the Minister for Finance the reasons for an absence of any clause in bank guarantee legislation for sanction towards any institution which was not honest in relation to its disclosures of exposure and bad debt; and if he will make a statement on the matter. [33455/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Deputy may wish to note that while the Scheme does not include such clause in specific terms, paragraph 35 of the Credit Institutions (Financial Support) Scheme does provide for sanctions against covered institutions which are materially in breach of their obligations under the Scheme. Possible sanctions include removal of the guarantee, imposition of additional conditions or an increase in the charge payable in respect of the fee.