Written answers

Tuesday, 12 July 2011

Department of Finance

Financial Services Regulation

10:00 pm

Photo of Joan CollinsJoan Collins (Dublin South Central, People Before Profit Alliance)
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Question 111: To ask the Minister for Finance if his attention has been drawn to any material systemic issues involving a company (details supplied); if the Central Bank informed him of any issues with this company; and if he will make a statement on the matter. [19844/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I have been advised by the Central Bank that it does not comment on its supervisory activities in respect of individual regulated financial institutions. This rule applies in the case of the institution mentioned by the Deputy. However, the Deputy may wish to note that the Central Bank engages regularly with mortgage lenders on supervisory issues and carries out inspections as part of its ongoing programme of themed inspections.

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