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Banking Sector Regulation

Dáil Éireann Debate, Wednesday - 6 March 2013

Wednesday, 6 March 2013

Questions (65, 66, 67, 68)

Mattie McGrath

Question:

65. Deputy Mattie McGrath asked the Minister for Finance if Ulster Bank Ireland will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11731/13]

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Mattie McGrath

Question:

66. Deputy Mattie McGrath asked the Minister for Finance if Danske Bank will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11732/13]

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Mattie McGrath

Question:

67. Deputy Mattie McGrath asked the Minister for Finance if ACC Bank will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11733/13]

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Mattie McGrath

Question:

68. Deputy Mattie McGrath asked the Minister for Finance if KBC Bank Ireland will meet the Central Bank of Ireland licensing criteria as set out in the Licensing and Supervision Requirements and Standards for Credit Institutions. [11734/13]

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Written answers

I propose to take Questions Nos. 65 to 68, inclusive, together.

The 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 detail specific elements of the licensing and supervision requirements of individual Credit Institutions, and cannot therefore provide details of the licensing criteria of the Banks referred to in the Deputy's questions.

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