Written answers

Thursday, 5 November 2015

Department of Finance

State Banking Sector

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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97. To ask the Minister for Finance if his Department has been provided with an estimate of the possible impact of rent control measures on the value of the State’s bank holdings; and if he will make a statement on the matter. [38778/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I have not sought nor received an estimate of the impact from any possible rent control measures on the value of the Irish State's bank holdings. Given that no such measures have been specified, speculation on the impact of potential future rent policy would be premature. Nonetheless, it is the view of my officials that the relationship between rental market controls and the value of the State's shareholdings in Irish banks would be limited, if any.

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