Written answers

Wednesday, 16 November 2016

Department of Finance

Banking Operations

Photo of Danny Healy-RaeDanny Healy-Rae (Kerry, Independent)
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101. To ask the Minister for Finance his views on a matter (details supplied) regarding banks; and if he will make a statement on the matter. [35417/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware, operational and strategic management issues in the Irish banks are solely a matter for the board and management of the relevant institution within the constraints imposed by their regulator, the Central Bank, and the law as it applies. Notwithstanding the fact that the State has a significant shareholding in a number of institutions, I have no function in their day-to-day activities.  The Relationship Framework Agreements define the arm's length nature of the relationship between the State and the banks in which the State has an investment; the relationship framework agreement for each institution can be accessed below.

AIB:

Bank of Ireland:

Permanent TSB:

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