Sandra McLellan (Cork East, Sinn Fein)
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Question 64: To ask the Minister for Finance the process by which Anglo Irish Bank was re-named Irish Bank Resolution Corporation; the person who came up with the name; the reason the word resolution was used; if his attention has been drawn to any potential issues arising from the use of the word resolution with respect to receiving EU funding; if any concerns have been expressed to him by any EU official or institution on this matter; and if he will make a statement on the matter. [34436/11]

Michael Noonan (Limerick City, Fine Gael)
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As part of the planning process around the submission of a business plan to the EC, the Bank initiated an internal process to develop a new name. A shortlist of names was approved internally in the bank and submitted to the Department of Finance. The Minister, at that time, considered the shortlist of names and opted instead to call the bank the Irish Bank Resolution Corporation Limited. This name was subsequently accepted by the Board of the Bank. I am informed that the word "resolution" was included to reflect the function of the bank. I am not aware of any potential issues arising from the use of the word "resolution" with respect to EU funding.