Niall Collins (Limerick, Fianna Fail)
Link to this: Individually | In context

Question 63: To ask the Minister for Finance the efforts that he intends taking to ensure that State supported banks engage in the Priory Hall conciliation process; and if he will make a statement on the matter. [22372/12]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

As the Deputy will be aware, under the Relationship Frameworks, the banks are run on a commercial basis and I have no role in the day-to-day management or commercial decisions of the banks including matters relating to residential mortgage books. Nonetheless, the Government understands the severe difficulties that the residents of Priory Hall are facing. My Department has been in contact with the State supported banks regarding the resolution process set up under former Supreme Court Justice Finnegan. Banks have already indicated that they are open to engaging in this new process. However, what will be involved in the process has yet to be clarified.