219 Deputy Joan Collins asked the Minister for Finance in the context of borrower bank transactions, his view in relation to assertions by the borrower that, they should be entitled to a percentage of any profits arising from the bank making profitable dealings on the back of the sale of agreements to which they are a party; as taxpayers now own large percentages of various banks by virtue of very large publicly subscribed recapitalisation, if some element of the individual taxpayer’s contribution to the bail-out of a bank should be offset against any moneys allegedly owed by that individual to such a bank; and if there is clear absence of advance full disclosure by banks because of the manner in which banks do business in using borrowers’ pledges to repay for the purposes of raising finance internationally. [19124/12]

Summary

219 Deputy Joan Collins asked the Minister for Finance in the context of borrower bank transactions, his view in relation to assertions by the borrower that, they should be entitled to a percentage of any profits arising from the bank making profitable dealings on the back of the sale of agreements to which they are a party; as taxpayers now own large percentages of various banks by virtue of very large publicly subscribed recapitalisation, if some element of the individual taxpayer’s contribution to the bail-out of a bank should be offset against any moneys allegedly owed by that individual to such a bank; and if there is clear absence of advance full disclosure by banks because of the manner in which banks do business in using borrowers’ pledges to repay for the purposes of raising finance internationally. [19124/12]

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• Banking Sector Regulation

  xml · EN · 18 April 2012

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