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Banking Sector

Dáil Éireann Debate, Tuesday - 27 September 2016

Tuesday, 27 September 2016

Ceisteanna (157, 158)

Joan Burton

Ceist:

157. Deputy Joan Burton asked the Minister for Finance if his Department has had discussions with the Irish League of Credit Unions and the Credit Union Development Association regarding the establishment of a local public banking network; and if he will make a statement on the matter. [26547/16]

Amharc ar fhreagra

Joan Burton

Ceist:

158. Deputy Joan Burton asked the Minister for Finance if his Department has had discussions with the European Investment Bank regarding the establishment of a local public banking network; and if he will make a statement on the matter. [26548/16]

Amharc ar fhreagra

Freagraí scríofa

I propose to take Questions Nos. 157 and 158 together.

I refer the Deputy to my response to her previous question on local public banking. The Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs has primary responsibility for the Programme for Government commitment to investigate the German Sparkassen model for the development of local public banks. My Department has not engaged with the Irish League of Credit Unions, the Credit Union Development Association or the European Investment Bank on this issue.

Minister of State Murphy, along with officials from my Department, recently met with Sparkassenstiftung für Internationale Kooperation and Irish Rural Link and advised them that, in the first instance, they should contact the Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs as the Department with primary responsbility for this matter. 

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