Dáil Éireann Debate, Tuesday - 1 June 2010
161 Deputy Joan Burton asked the Minister for Finance the liabilities currently guaranteed under the credit institutions financial support scheme at end May 2010; the liabilities currently guaranteed under the eligible liabilities guarantee scheme at end May 2010; the liabilities he expects to be guaranteed under the eligible liabilities guarantee scheme before 30 September 2010; and if he will make a statement on the matter. [22979/10]
Amharc ar fhreagraReturns for the end of April were only submitted to the Financial Regulator on 28 May and are being analysed at present. The end of May figures are not yet available.
As of the end March, liabilities guaranteed under the Covered Institutions (Financial Support) Scheme (CIFS) amounted to €130 billion while liabilities under the Eligible Liabilities Guarantee Scheme (ELG) amounted to €139 billion.
I would expect further amounts of the eligible liabilities currently covered under CIFS to rollover into ELG as they mature however as the Deputy is aware, asset-covered securities and dated subordinated debt, which together amounts to €11.8 billion at end March, are not covered under the ELG.
