Michael McGrath (Cork South Central, Fianna Fail)
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82. To ask the Minister for Finance the total number of European Central Bank on-site inspections of Irish financial institutions in 2015 and 2016; the number carried out by ECB staff; the number carried out by the Central Bank on behalf of the ECB; and if he will make a statement on the matter. [36786/16]

Michael Noonan (Limerick City, Fine Gael)
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Since the commencement of the Single Supervisory Mechanism (SSM) in November 2014, a total of 35 onsite inspections have been carried out on Significant Institutions and Subsidiaries of Significant Institutions in Ireland.  Of these 35 inspections, 3 have been led by a Head of Mission from within the SSM but outside Ireland and in the case of these three inspections the majority of the team was comprised of Central Bank staff. All of the other inspections were led by the Central Bank with staff from other countries within the SSM framework and the SSM participating in four missions, to build experience and networks within the SSM.  Central Bank staff have also participated in inspections of banks in other jurisdictions within the SSM.  A further schedule of inspections has separately been carried out on Less Significant Institutions that are within the direct remit of the Central Bank.

Additionally a total of 8 internal model investigations have been carried out on Significant Institutions in Ireland. All of these investigations have been led and staffed exclusively by the Central Bank, with the work performed in the context of SSM procedures.