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State Banking Sector Regulation

Dáil Éireann Debate, Tuesday - 9 October 2012

Tuesday, 9 October 2012

Questions (177)

Eoghan Murphy

Question:

177. Deputy Eoghan Murphy asked the Minister for Finance further to Parliamentary Question No. 50 of 26 September 2012, the transactions by Allied Irish Bank and Irish Life and Permanent that require his approval. [43249/12]

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Written answers

The AIB and Irish Life & Permanent Relationship Frameworks referenced were published on the Department of Finance website on 30 March 2012 and as previously advised to the Deputy are available at the following links:

http://banking.finance.gov.ie/wp-content/uploads/Allied-Irish-Banks1.pdf and

http://banking.finance.gov.ie/wp-content/uploads/Irish-Life-and-Permanent1.pdf.

The matters which require specific approval under the Relationship Framework are the appointment of the Chairman and Chief Executive Officer. Other matters may require either consultation with the Minister or notification under the Relationship Framework.

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