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Banking Sector Regulation

Dáil Éireann Debate, Tuesday - 23 April 2013

Tuesday, 23 April 2013

Questions (220)

Pearse Doherty

Question:

220. Deputy Pearse Doherty asked the Minister for Finance if he is concerned at the criticism of the former management of Halifax Bank of Scotland by the British Parliamentary Commission on banking standards in its fourth report on 5 April 2013; and if he will confirm that he has confidence in a person (details supplie) of Bank of Ireland who previously occupied a senior position in HBOS. [18475/13]

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Written answers

I can confirm to the Deputy that nothing has been brought to my attention to suggest that the individual referred to is not a fit and proper person to fill the role of Governor of the Bank of Ireland. In advance of the Bank’s Annual General Court scheduled to be held tomorrow, 24th April, I am entitled to vote on a number of Resolutions attaching to the stock held by the State, one of which relates to the election and re-election of the Bank’s Directors, including the Governor. I can confirm for the Deputy that I will be voting in favour of this Resolution.

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