Written answers

Tuesday, 9 October 2012

Department of Finance

State Banking Sector Regulation

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
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To ask the Minister for Finance further to Parliamentary Question No. 50 of 26 September 2012, the transactions by Allied Irish Bank and Irish Life and Permanent that require his approval. [43249/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The AIB and Irish Life & Permanent Relationship Frameworks referenced were published on the Department of Finance website on 30 March 2012 and as previously advised to the Deputy are available at the following links: http://banking.finance.gov.ie/wp-content/uploads/Allied-Irish-Banks1.pdf and http://banking.finance.gov.ie/wp-content/uploads/Irish-Life-and-Permanent1.pdf.

The matters which require specific approval under the Relationship Framework are the appointment of the Chairman and Chief Executive Officer. Other matters may require either consultation with the Minister or notification under the Relationship Framework.

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