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Banking Sector Regulation

Dáil Éireann Debate, Thursday - 29 March 2012

Thursday, 29 March 2012

Questions (65)

Eoghan Murphy

Question:

65 Deputy Eoghan Murphy asked the Minister for Finance if his attention has been drawn to the fact that Bank of Ireland does not allow customers to make international payments in Chinese Yuan; and if he believes this to be a hindrance to competition. [17369/12]

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Written answers

Notwithstanding the State's shareholding in the bank, Bank of Ireland operates in an arm's length capacity from the State in relation to commercial issues. It is a matter for the board and management to determine and implement operational policy in their organisation. Therefore, commercial decisions in relation to Bank of Ireland are solely a decision for the bank.

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