Central Bank of Ireland

Dáil Éireann Debate, Tuesday - 17 April 2018

Tuesday, 17 April 2018

Ceisteanna (231)

Pearse Doherty

Ceist:

231. Deputy Pearse Doherty asked the Minister for Finance the reason the Central Bank is disposing of the Government floating rate note bonds at a quicker rate than necessary to avoid failure to comply with Article 123 of the EU Treaty; the level a decision to sell the notes is taken at; and if he will make a statement on the matter. [15296/18]

Freagraí scríofa

Minister for Finance

I am informed by the Central Bank that the position remains that it is committed to disposing of the floating rate notes acquired as part of the IBRC liquidation as soon as possible, provided financial stability conditions permit. As the Deputy is aware the Bank is statutorily independent therefore decisions around sales are a matter for the Bank itself.