56. Deputy Brendan Smith asked the Minister for Finance the position in relation to interest rate increases other than those linked to ECB movements of financial institutions substantially owned by the State; his policy on same; if the financial institutions involved must notify or seek approval from his Department before implementing such increases; the number of cases that have been granted or refused approval in the last two years; if he will list the State owned institutions; in the last two years, if he will indicate the number of increases that each has made above the ECB tracker movements; the sum percentage total of these increases for each of these institutions; if he will outline the gap in the spread between tracker and actual rate currently in use or announced for each institution; the way he will explain to a person with an AIB loan the reason they will not issue instructions to AIB, being State owned, not to proceed with such rate increases; and if he will make a statement on the matter. [21950/13]

Summary

56. Deputy Brendan Smith asked the Minister for Finance the position in relation to interest rate increases other than those linked to ECB movements of financial institutions substantially owned by the State; his policy on same; if the financial institutions involved must notify or seek approval from his Department before implementing such increases; the number of cases that have been granted or refused approval in the last two years; if he will list the State owned institutions; in the last two years, if he will indicate the number of increases that each has made above the ECB tracker movements; the sum percentage total of these increases for each of these institutions; if he will outline the gap in the spread between tracker and actual rate currently in use or announced for each institution; the way he will explain to a person with an AIB loan the reason they will not issue instructions to AIB, being State owned, not to proceed with such rate increases; and if he will make a statement on the matter. [21950/13]

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• State Banking Sector Regulation

  xml · EN · 9 May 2013

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