Thursday, 2 May 2013

Questions (54)

Pearse Doherty

Question:

54. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 185 of 23 April 2013 and confirmation that the Central Bank of Ireland has engaged BlackRock International to provide the stress-testing of Irish banks in 2013, if he will outline the principal acquisitions of assets in Ireland by BlackRock since the last stress-testing in January-March 2011. [20863/13]

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Written answers (Question to Finance)

The Central Bank has advised my Department that they engaged BlackRock Solutions to provide services under the Central Bank’s Financial Measures Programme (FMP) including the Prudential Capital Assessment Review (PCAR). BlackRock Solutions are an advisory firm that is part of the wider BlackRock Group. The Central Bank do not have the information requested in relation to BlackRock International. The Central Bank have told my Department that they observe EU and Irish procurement legislation/ requirements.