Dáil Éireann Debate, Tuesday - 21 October 2014
211. Deputy Mick Wallace asked the Minister for Finance his views, in the interests of transparency, of bringing Irish Bank Resolution Corporation under the Freedom of Information Acts, with a view to clearing up any misunderstandings or suspicions that persons of influence gain favour. [39986/14]
Amharc ar fhreagraIt is not currently proposed that the Freedom of Information Act will be extended to regulated financial services providers including Irish Bank Resolution Corporation (in Special Liquidation). Relative to their private competitors, financial institutions in which the State have an interest would be subject to an uneven competitive market environment if they were found to be subject to freedom of information legislation. Such an extension would be likely to impede the ability of the Special Liquidators in maximising the return to the creditors of the bank including the State. This approach is similar to that taken in relation to many other commercial State bodies which also operate in competitive markets.
