Written answers

Thursday, 16 June 2016

Department of Finance

Banking Operations

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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95. To ask the Minister for Finance if Ulster Bank has made a formal application or indicated its plans to change its regulatory or legal status; and if he will make a statement on the matter. [16504/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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This is a regulatory matter for the Central Bank of Ireland and I am advised by the bank that it is prevented from discussing such matters. Its registers are available at registers.central.bank.ie.

However, for information, the Central Bank has advised me that Ulster Bank Ireland Limited, a credit institution authorised in Ireland, has changed its name to Ulster Bank Ireland Designated Activity Company with effect from 23rdMay 2016. This has not impacted on its regulatory status.

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