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Banking Sector Regulation

Dáil Éireann Debate, Wednesday - 12 December 2012

Wednesday, 12 December 2012

Questions (61)

Gerry Adams

Question:

61. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Questions Nos. 76 and 77 of 28 November 2012, if he will explain the reason it is the case that PTSB, AIB and the National Asset Management Agency, three State owned institutions can provide the requested data but Irish Bank Resolution Corporation deems this material commercially sensitive; if he will consider in view of this fact instructing Irish Bank Resolution Corporation to provide this data or at the very least provide an explanation for what distinguishes IBRC’s commercially sensitive concerns relating to this data from the other State owned institutions; and if he will make a statement on the matter. [55920/12]

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Written answers

I have been informed by IBRC that this information is commercially sensitive to its operation due to the Bank’s unique position in the Irish market place as an asset recovery bank in wind down and cannot be disclosed for this reason.

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