Seán Kyne (Galway West, Fine Gael)
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73. To ask the Minister for Finance if, as principal shareholder in Allied Irish Banks, he can confirm that the bank is currently considering outsourcing work and staff from the application and development management teams within its information technology division to a third-party service provider; his views on the concerns of staff and customers regarding the outsourcing of such business, in view of the centrality of information technology in day-to-day banking as well as the security of sensitive information; and if he will make a statement on the matter. [22716/15]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware under the Relationship Frameworks the State does not intervene in the day to day operations of the banks in which it holds investments or their management decisions regarding commercial matters and hence any discussions around matters such as outsourcing are a matter for the bank, the relevant staff and their union representatives. Notwithstanding this position, my officials do take an active interest in how the bank's cost base evolves to ensure that the State's interests as shareholder are protected and to ensure that the Government's remuneration policy is enforced. 

The bank has previously indicated that as part of its restructuring plan to reduce costs and increase efficiencies, outsourcing of certain functions would be considered in consultation with unions and affected staff. I have also been informed by the bank that there have been no compulsory redundancies as a result of its recent outsourcing activities. Any staff who transfer under outsourcing arrangements transfer under the TUPE regulations.