Written answers

Thursday, 19 January 2017

Department of Finance

Banking Operations

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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79. To ask the Minister for Finance if he and-or his officials consulted with any parties connected with a legal action against a bank (details supplied) by persons connected with a group of hedge funds; and if he will make a statement on the matter. [2257/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am aware that my officials in the Department of Finance were in contact with the Deputy's office and received confirmation of the hedge fund to which the question refers to.

I can confirm that I had no such consultation, as described in the Deputy's question, in relation to this fund, nor am I aware of any officials in my Department having done so. Furthermore, I am not aware of any legal action taken by the fund concerned against the bank concerned.

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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80. To ask the Minister for Finance if he and-or his officials consulted with any parties connected with a legal action against a bank (details supplied) by persons connected with a group of hedge funds; and if he will make a statement on the matter. [2258/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am aware that my officials were in contact with the Deputy's office to confirm the identity of two parties to which the question refers.

As far as I am aware, neither I nor my officials have consulted with the two parties or their representatives, as identified by the Deputy's office, in relation to legal action taken by these parties against the bank referred to in the question.

Given that the legal action against the bank referred to in the question would have impacted on the Department of Finance, I can confirm that the Department of Finance did take advice from its legal advisors in relation to this matter.

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