214 Deputy Joan Collins asked the Minister for Finance with regard to the general question of bank licences necessary to operate in Ireland, the location at which copies of the licences and licence conditions under which each of our banks function are readily available; are the licence conditions governing foreign banks operating in Ireland different in any way to those of the so-called Irish banks; if it is possible in any circumstances to trade as a bank in Ireland without a licence; the person responsible for monitoring banks’ compliance with the conditions of their banking licences; if compliance by the banks with their licence conditions is transparent, and if so, the way this is demonstrated; the legal consequences for the banks and their customers if banks have breached one or more of the conditions of their banking licences; if a bank has been operating in breach of one or more of conditions of their licence, if the agreements they have entered into while so doing are legally binding; if a bank is offering and selling loans and mortgages while insolvent, if it is in breach of the conditions of its licence to operate; and the date of the last Governmental review of licence conditions governing financial institutions. [19119/12]

Summary

214 Deputy Joan Collins asked the Minister for Finance with regard to the general question of bank licences necessary to operate in Ireland, the location at which copies of the licences and licence conditions under which each of our banks function are readily available; are the licence conditions governing foreign banks operating in Ireland different in any way to those of the so-called Irish banks; if it is possible in any circumstances to trade as a bank in Ireland without a licence; the person responsible for monitoring banks’ compliance with the conditions of their banking licences; if compliance by the banks with their licence conditions is transparent, and if so, the way this is demonstrated; the legal consequences for the banks and their customers if banks have breached one or more of the conditions of their banking licences; if a bank has been operating in breach of one or more of conditions of their licence, if the agreements they have entered into while so doing are legally binding; if a bank is offering and selling loans and mortgages while insolvent, if it is in breach of the conditions of its licence to operate; and the date of the last Governmental review of licence conditions governing financial institutions. [19119/12]

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• Banking Sector Regulation

  xml · EN · 18 April 2012

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