I propose to take Questions Nos. 313 and 316 together.
Oversight of financial institutions is outside the scope and remit of my Department but I confirm that I have engaged with my colleague, the Minister for Finance on these matters.
The Minister for Finance advised that neither he nor his Department have any role in relation to the commercial decisions of individual regulated entities, such as decisions they may make on applications for credit, or in respect of individual actions they may take to assist households with a mortgage which is secured on a residence affected by mica or pyrite.
Notwithstanding this, engagement is on-going with the Banking and Payments Federation (BPFI) on specific issues raised by Defective Concrete Block homeowners to see what can be done to address their concerns. In this regard I am due to have a further meeting with BPFI in the coming month to further discuss these matters with them.