207 Deputy Shane Ross asked the Minister for Finance in relation to the European Central Bank corresponding central bank model and procedures within the Euro system with respect to collaterisation, the legal instrument used by all Eurozone Central Banks in respect of non-marketable securities include the use of pledge and assignment and the fact that the Central Bank of Ireland is the only regulator in the Eurozone or in the UK, Sweden or Denmark, which has taken floating charges as security for liabilities arising, the reason for this disparity of treatment applied by the Central Bank here in comparison to banks regulated by other central banks in the Eurozone; if he will advise the value of current exposures that are secured by the floating charges registered against banks under the supervision of the Central Bank of Ireland; if he will provide a statement detailing the exposures of the Central Bank of Ireland to Irish banks when these floating charges were initially created in 2008. [19946/12]

Summary

207 Deputy Shane Ross asked the Minister for Finance in relation to the European Central Bank corresponding central bank model and procedures within the Euro system with respect to collaterisation, the legal instrument used by all Eurozone Central Banks in respect of non-marketable securities include the use of pledge and assignment and the fact that the Central Bank of Ireland is the only regulator in the Eurozone or in the UK, Sweden or Denmark, which has taken floating charges as security for liabilities arising, the reason for this disparity of treatment applied by the Central Bank here in comparison to banks regulated by other central banks in the Eurozone; if he will advise the value of current exposures that are secured by the floating charges registered against banks under the supervision of the Central Bank of Ireland; if he will provide a statement detailing the exposures of the Central Bank of Ireland to Irish banks when these floating charges were initially created in 2008. [19946/12]

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Timeline

1. 24 April 2012

   Banking Sector Regulation

   207 Deputy Shane Ross asked the Minister for Finance in relation to the European Central Bank corresponding central bank model and procedures within the Euro system with respect to collaterisation, the legal instrument used by all Eurozone Central Banks in respect of non-marketable securities include the use of pledge and assignment and the fact that the Central Bank of Ireland is the only regulator in the Eurozone or in the UK, Sweden or Denmark, which has taken floating charges as security for liabilities arising, the reason for this disparity of treatment applied by the Central Bank here in comparison to banks regulated by other central banks in the Eurozone; if he will advise the value of current exposures that are secured by the floating charges registered against banks under the supervision of the Central Bank of Ireland; if he will provide a statement detailing the exposures of the Central Bank of Ireland to Irish banks when these floating charges were initially created in 2008. [19946/12]

   Source: written

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• Banking Sector Regulation

  xml · EN · 24 April 2012

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• Shane Ross · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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