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Icelandic Investments.

Dáil Éireann Debate, Thursday - 16 October 2008

Thursday, 16 October 2008

Questions (103, 104, 105)

Ciaran Lynch

Question:

103 Deputy Ciarán Lynch asked the Minister for Social and Family Affairs if public bodies here have invested funds in Icelandic financial products; the status of such investments; and if she will make a statement on the matter. [35510/08]

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Written answers

Neither the Department nor the agencies under the aegis of the Department have invested any funds in Icelandic financial products.

Ciaran Lynch

Question:

104 Deputy Ciarán Lynch asked the Minister for Defence if public bodies here have invested funds in Icelandic financial products; the status of such investments; and if he will make a statement on the matter. [35504/08]

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No public bodies under the aegis of my Department have invested funds in Icelandic financial products.

Ciaran Lynch

Question:

105 Deputy Ciarán Lynch asked the Minister for the Environment, Heritage and Local Government if local authorities and public bodies here have invested funds in Icelandic financial products; the status of such investments; and if he will make a statement on the matter. [35195/08]

View answer

Banking and investment arrangements with financial institutions for the prudent management of money are matter for individual local authorities under section 98 of the Local Government Act 2001. Following enquiries made my Department, I am advised that local authorities and bodies that come under the aegis of my Department do not have funds invested in Icelandic financial products.

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