Written answers
Wednesday, 20 July 2011
Department of Finance
Banking Sector Regulation
10:00 pm
Mattie McGrath (Tipperary South, Independent)
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Question 68: To ask the Minister for Finance if he will reconsider establishing a commission of inquiry into the way the ACC bank was run and its alleged connections with republican subversives, based on reports to the effect that the ACC bank hired undesirable characters for repossessions, as a recent case in County Mayo highlighted, and the many other complaints about this bank and its employees regarding overcharging, some of which have been refereed to the Garda by judges of the High Court; and if he will make a statement on the matter. [21677/11]
Michael Noonan (Limerick City, Fine Gael)
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I have no intention of launching a commission of enquiry into the operations of ACC Bank. Regulation of the banks is a matter for the Central Bank. Individual complaints about ACC Bank should be brought to the attention of the Central Bank. If the Deputy has any information about the involvement of subversives in relation to the activities of ACC Bank or any other bank he should make it known to An Garda Síochána.
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