Stephen Donnelly (Wicklow, Independent)
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To ask the Minister for Finance if an application for a banking licence was made by Irish Bank Resolution Corporation, in which he is the sole shareholder of 100% of the shares, would a banking licence be granted; and if he will make a statement on the matter. [5521/13]

Michael Noonan (Limerick City, Fine Gael)
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IBRC have a banking licence and continue to be regulated by the Central Bank of Ireland. The Central Bank is the competent authority in Ireland for the issuing of banking licences. Unfortunately I am not in a position to answer the question posed by the Deputy as it is hypothetical in nature.