Written answers

Thursday, 15 November 2012

Department of Finance

Banking Sector Regulation

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance further to Parliamentary Question No. 64 of 12 July 2012, if Ulster Bank has made a formal application to change its regulatory or legal status or indicated its plans in this regard; and if he will make a statement on the matter. [50715/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Further to Parliamentary Question No. 64 of 12 July 2012, the Central Bank has informed me that since that time it has not received a formal application, or formal plans, from Ulster Bank Ireland Limited to change its regulatory or legal status from that of a subsidiary of Royal Bank of Scotland Group.

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