Pearse Doherty (Donegal South West, Sinn Fein)
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Question 63: To ask the Minister for Finance if he will set out the current position with respect to proposals for the tracker mortgage portfolio held by the Irish Life and Permanent group, and specifically if he will confirm if there are proposals to move the portfolio from ILP to another entity; and if he will outline the terms on which such a transfer would be made. [33793/12]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy can appreciate, officials from the Irish Authorities are in constant on-going dialogue with all of the covered institutions with a view to considering and implementing structures and solutions which would seek to advance the overall financial system. As and when further measures are agreed/solutions emerge I will inform the Houses as appropriate. The Government's aim is to arrive at a successful conclusion that is in the interests of Ireland and the EU. As no decision to transfer the tracker mortgage portfolio to any other entity has been taken, I cannot outline the terms which might apply to such a transfer.