Michael McGrath (Cork South Central, Fianna Fail)
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537. To ask the Minister for Environment, Community and Local Government if his Department has issued any policy direction to local authorities regarding the holding of local authority funds in accounts at the pillar banks in view of the current ratings of these banks; and if he will make a statement on the matter. [22546/14]

Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Banking and investment arrangements with financial institutions for the prudent management of funds are a matter for individual local authorities under section 98 of the Local Government Act 2001.