Written answers

Wednesday, 6 March 2013

Department of Finance

Banking Sector Regulation

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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To ask the Minister for Finance if Allied Irish Banks, in which he is the shareholder of 99.8% of the shares, will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11728/13]

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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To ask the Minister for Finance if Permanent TSB, in which he is the shareholder of 99.5% of the shares, can meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11729/13]

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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To ask the Minister for Finance if Bank of Ireland, in which he is the shareholder of 15% of the shares, will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11730/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 62 to 64, inclusive, together.

As the Deputy will be aware Allied Irish Bank, Permanent TSB and Bank of Ireland all hold Irish banking licences issued by the Central Bank of Ireland. I have been also advised by the Central Bank that under Section 33AK of the Central Bank Act, the Central Bank of Ireland is restricted in its ability to detail specific elements of the supervision of Credit Institutions, and cannot therefore provide details of any breaches to the Central Bank's Licensing and Supervision Requirements for Credit Institutions. The Central Bank can confirm that in the event of a breach of the licensing criteria occurring, action would be taken to ensure the credit institution remediates the cause of the breach immediately (if possible), and to ensure that the breach does not recur. Depending on the nature of the breach, further Central Bank action will be considered, including possible enforcement action and other regulatory sanction.

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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To ask the Minister for Finance if Ulster Bank Ireland will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11731/13]

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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To ask the Minister for Finance if Danske Bank will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11732/13]

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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To ask the Minister for Finance if ACC Bank will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11733/13]

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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To ask the Minister for Finance if KBC Bank Ireland will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11734/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 65 to 68, inclusive, together.

The Central Bank of Ireland has informed me that under Section 33AK of the Central Bank Act 1942, the Bank is restricted in its ability to detail specific elements of the licensing and supervision requirements of individual Credit Institutions, and cannot therefore provide details of the licensing criteria of the Banks referred to in the Deputy's questions.

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