Dáil Éireann Debate, Tuesday - 5 February 2013
272. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 275 of 29 January 2013, if he will confirm the number of banks in the State operating under licences granted by the Central Bank of Ireland, that have been in breach of the terms of their banking licence since 1 January 2012. [5614/13]
View answerThe Central Bank of Ireland has informed me that under Section 33AK of the Central Bank Act 1942, the Bank is restricted in its ability to disclose details of the supervision of individual credit institutions, and cannot therefore provide details of any breaches of the its licensing and supervision requirements. The Central Bank has confirmed that in the event of a breach occurring, action would be taken to ensure that the credit institution remediates the cause of the breach immediately and to ensure that such a breach does not recur. Depending on the nature of the breach, further Central Bank action would be considered, including possible enforcement action and other regulatory sanction.
