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Bank Debt Restructuring

Dáil Éireann Debate, Thursday - 4 October 2012

Thursday, 4 October 2012

Questions (39)

Brendan Smith

Question:

39. Deputy Brendan Smith asked the Minister for Finance his plans to safeguard the State’s investment in Irish Life; and if he will make a statement on the matter. [42319/12]

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Written answers

I will oversee Irish Life in a manner similar to the Covered Banks with a relationship framework detailing the roles and responsibilities of the board which will operate on an independent commercial basis and with certain matters requiring approval or consultation with me. Operational decisions will remain the responsibility of the board and management.

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