Banking Sector Regulation

Dáil Éireann Debate, Tuesday - 5 February 2013

Tuesday, 5 February 2013

Questions (270)

Stephen Donnelly

Question:

270. Deputy Stephen S. Donnelly asked the Minister for Finance if an application for a banking licence was made by Irish Bank Resolution Corporation, in which he is the sole shareholder of 100% of the shares, whether a banking licence would be granted; and if he will make a statement on the matter. [5521/13]

Written answers

Minister for Finance

IBRC have a banking licence and continue to be regulated by the Central Bank of Ireland. The Central Bank is the competent authority in Ireland for the issuing of banking licences. Unfortunately I am not in a position to answer the question posed by the Deputy as it is hypothetical in nature.