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Banking Operations

Dáil Éireann Debate, Thursday - 16 June 2016

Thursday, 16 June 2016

Questions (95)

Michael McGrath

Question:

95. Deputy Michael McGrath asked the Minister for Finance if Ulster Bank has made a formal application or indicated its plans to change its regulatory or legal status; and if he will make a statement on the matter. [16504/16]

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Written answers

This is a regulatory matter for the Central Bank of Ireland and I am advised by the bank that it is prevented from discussing such matters. Its registers are available at registers.central.bank.ie.

However, for information, the Central Bank has advised me that Ulster Bank Ireland Limited, a credit institution authorised in Ireland, has changed its name to Ulster Bank Ireland Designated Activity Company with effect from 23rd May 2016. This has not impacted on its regulatory status.

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