State Banking Sector Regulation

Dáil Éireann Debate, Tuesday - 22 January 2013

Tuesday, 22 January 2013

Ceisteanna (215)

Pearse Doherty

Ceist:

215. Deputy Pearse Doherty asked the Minister for Finance if the Irish Bank Resolution Corporation, in which he is the sole shareholder of 100% of the shares, has a banking licence; the specific requirements of such a licence for IBRC; the person who issued IBRC with a banking license; and the date on which its banking licence was renewed [2733/13]

Freagraí scríofa

Minister for Finance

IBRC has confirmed that it has a banking licence which was issued by the Central Bank of Ireland (“CBI”) on 19th May 1987 and which remains in effect today. As a licensed credit institution, IBRC is subject to the CBI's Licensing and Supervision Requirements for Credit Institutions along with a wide range of other legal and regulatory obligations.