Danny Healy-Rae
Ceist:101. Deputy Danny Healy-Rae asked the Minister for Finance his views on a matter (details supplied) regarding banks; and if he will make a statement on the matter. [35417/16]
Amharc ar fhreagraWednesday, 16 November 2016
Ceisteanna (101)
Freagraí scríofa
As the Deputy will be aware, operational and strategic management issues in the Irish banks are solely a matter for the board and management of the relevant institution within the constraints imposed by their regulator, the Central Bank, and the law as it applies. Notwithstanding the fact that the State has a significant shareholding in a number of institutions, I have no function in their day-to-day activities. The Relationship Framework Agreements define the arm's length nature of the relationship between the State and the banks in which the State has an investment; the relationship framework agreement for each institution can be accessed below.
AIB: http://finance.gov.ie/sites/default/files/Allied-Irish-Banks1.pdf
Bank of Ireland: http://finance.gov.ie/sites/default/files/Bank-of-Ireland1.pdf
Permanent TSB: http://www.finance.gov.ie/sites/default/files/Relationship%20Frameworks%20for%20the%20Irish%20Banks%20Irish%20Life%20and%20Permanent.pdf