Written answers
Thursday, 29 March 2012
Department of Finance
Banking Sector Regulation
1:00 pm
Eoghan Murphy (Dublin South East, Fine Gael)
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Question 65: To ask the Minister for Finance if his attention has been drawn to the fact that Bank of Ireland does not allow customers to make international payments in Chinese Yuan; and if he believes this to be a hindrance to competition. [17369/12]
Michael Noonan (Limerick City, Fine Gael)
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Notwithstanding the State's shareholding in the bank, Bank of Ireland operates in an arm's length capacity from the State in relation to commercial issues. It is a matter for the board and management to determine and implement operational policy in their organisation. Therefore, commercial decisions in relation to Bank of Ireland are solely a decision for the bank.
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