Peadar Tóibín
Question:66 Deputy Peadar Tóibín asked the Minister for Finance if he will provide this Deputy with and publish a copy of the licences and memorandum of associations under which all banks operate here. [5684/12]
View answerWednesday, 1 February 2012
Questions (65, 66)
Written answers
I have been informed by the Central Bank that once a licence is issued by the Central Bank of Ireland it becomes the property of the relevant credit institution and thus the Central Bank retains no right to publish copies. However, pursuant to Section 12(1) of the Central Bank Act 1971, the Central Bank publishes a register of licensed institutions on their website. Issues regarding memorandum of associations are a matter for the Companies Registration Office which comes under the aegis of the Department of Jobs, Enterprise and Innovation.
Peadar Tóibín
Question:67 Deputy Peadar Tóibín asked the Minister for Finance the facilities that banks have to provide a paper trail of mortgages which have been transformed into securities; and if the mortgage holder is entitled to peruse this paper trail. [5685/12]
View answerI have been informed that this information will require more time than has been provided in order to produce a comprehensive response. In the interim I can inform the Deputy that the respective banks have been approached regarding this query, and that at least one major Irish bank has confirmed that they maintain an audit trail of mortgages that have been securitised in the form of a flag in their electronic systems. In theory this information could be made available to the mortgage holder if requested. When I have received the information required for a fuller response I will inform the Deputy in writing.