Eric J. Byrne
Ceist:113. Deputy Eric Byrne asked the Minister for Finance the options available to persons (details supplied) in Dublin 8 regarding a write down; and if he will make a statement on the matter. [16304/14]
Amharc ar fhreagraTuesday, 8 April 2014
Ceisteanna (113)
Freagraí scríofa
As the Deputy is aware, I, in my role as Minister for Finance, have no statutory function in relation to banking decisions made by individual lending institutions at any particular time. This includes the range of write down options available to borrowers.
Notwithstanding the fact that the State is a shareholder in certain banks, I must ensure that these banks are run on a commercial, cost effective and independent basis to ensure their value as an asset to the State.
A Relationship Framework has been specified that defines the nature of the relationship between the Minister for Finance and each bank. These Frameworks were published on 30 March 2012 and can be found at; http://banking.finance.gov.ie/presentations-and-latest-documents/.