Finian McGrath
Ceist:99 Deputy Finian McGrath asked the Minister for Finance the advice he will offer on a matter regarding mortgages (details supplied). [26976/12]
Amharc ar fhreagraWednesday, 6 June 2012
Ceisteanna (109)
Freagraí scríofa
Policy in relation to credit lending decisions in the bank referred to is a matter for the management and board of that institution. I have no role in the day-to-day commercial and operational decisions of the bank. Notwithstanding the fact that the State is a shareholder in the bank referred to, I must ensure that the bank is run on a commercial, cost effective and independent basis to protect the value of the bank as an asset to the State, as per the Memorandum on Economic and Financial Policies agreed with the EU Commission, the ECB and the IMF. Relationship Frameworks have now also been specified that clearly define the nature of the relationship between me and each of the covered institutions. These Frameworks were published on 30 March 2012 and can be found at:http://banking.finance.gov.ie/presentations-and-latest-documents/.