Pearse Doherty (Donegal South West, Sinn Fein)
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Question 166: To ask the Minister for Finance if the credit default insurance that Bank of Ireland has announced that it is putting in place in respect of the arrangement to provide a loan of one year to the Irish Bank Resolution Corporation in order to satisfy the promissory note commitment that fell due in March 2012, is provided by a party related to either Bank of Ireland or its principal shareholders. [30419/12]

Michael Noonan (Limerick City, Fine Gael)
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I am not aware of any such announcement. As the Deputy will be aware, risk management policies and actions are a matter for the Management and Board of the Bank of Ireland. I have no role in the day-to-day commercial and operational decisions of the bank, which include these matters. These decisions are taken by the board and management of the institution.