Banking Sector Regulation

Dáil Éireann Debate, Thursday - 15 November 2012

Thursday, 15 November 2012

Questions (87)

Michael McGrath

Question:

87. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 64 of 12 July 2012, if Ulster Bank has made a formal application to change its regulatory or legal status or indicated its plans in this regard; and if he will make a statement on the matter. [50715/12]

Written answers

Minister for Finance

Further to Parliamentary Question No. 64 of 12 July 2012, the Central Bank has informed me that since that time it has not received a formal application, or formal plans, from Ulster Bank Ireland Limited to change its regulatory or legal status from that of a subsidiary of Royal Bank of Scotland Group.

Questions Nos. 88 and 89 answered with Question No. 81.