Dáil Éireann Debate, Thursday - 16 January 2014
79. Deputy Bernard J. Durkan asked the Minister for Finance the extent to which the credit needs of business here are being met by banks in other jurisdictions; and if he will make a statement on the matter. [2115/14]
View answerI, as Minister for Finance, have no statutory role in relation to the issues raised by the Deputy.
I have been advised by the Central Bank that it does not publish statistics regarding lending by banks in other jurisdictions to business in Ireland.
The Central Bank of Ireland has overall responsibility for the authorisation, regulation and supervision of credit institutions operating in Ireland. In addition the Central Bank is responsible for oversight of liquidity and conduct of business for branches of non-Irish licensed banks operating in Ireland.
The authorisation, regulation and supervision of credit institutions operating in foreign jurisdictions are matters for the regulatory authorities of each jurisdiction.
