Written answers

Tuesday, 23 November 2010

Department of Finance

Financial Services Regulation

9:00 am

Photo of Tommy BroughanTommy Broughan (Dublin North East, Independent)
Link to this: Individually | In context

Question 137: To ask the Minister for Finance the value of outstanding loans lent by Irish based legal money lenders as notified to the Financial Regulator in 2008, 2009 and to date in 2010; and if he will make a statement on the matter. [43971/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

I have been advised by the Central Bank that the information requested by the Deputy is not available as there is no legal requirement on licensed moneylenders to prepare or to submit audited accounts to the Bank. The 'end of year' for financial accounts purposes varies from moneylender to moneylender. I should point out that there is a requirement on the Central Bank to publish a register of licensed moneylenders.

Photo of Tommy BroughanTommy Broughan (Dublin North East, Independent)
Link to this: Individually | In context

Question 138: To ask the Minister for Finance the levies paid by money lenders to the Financial Regulator in 2008, 2009 and to date in 2010; and if he will make a statement on the matter. [43972/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

The Central Bank of Ireland has advised me that in 2008 and 2009, 162,000 euros and 244,000 euros respectively were collected from moneylenders as part of the industry funding levy. The process of collection of the 2010 industry funding levy has only recently commenced. The total amount expected to be collected is 309,000 euros.

Photo of Tommy BroughanTommy Broughan (Dublin North East, Independent)
Link to this: Individually | In context

Question 139: To ask the Minister for Finance the number of Irish-based moneylenders registered with the Financial Regulator in 2008, 2009 and 2010; and if he will make a statement on the matter. [43973/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

The Central Bank of Ireland has advised me that the number of licenses granted each year from 2008 to 29 October 2010 is as follows:-

No of licensed moneylenders

2008 52

2009 52

2010 48 (as at 29 October 2010)

The Deputy might wish to note that moneylending licenses must be renewed annually and that the number of valid licenses at a particular time does not vary significantly. This is because the number of new licensees is generally offset by the number who cease operating as moneylenders

Comments

No comments

Log in or join to post a public comment.