84 Deputy John Paul Phelan asked the Minister for Finance if there are copies of the licences necessary for banks to operate here readily available; are the licence conditions governing foreign banks operating in Ireland different from those of the Irish banks; if it is possible to trade as a bank in Ireland without a licence; the persons responsible for monitoring banks compliance with the conditions of their banking licences and is this compliance transparent; the legal consequences for the banks and their customers if the banks have breached one or more of the conditions of their banking licence; if a bank is found to have been operating in breach of one or more of the conditions of their licence, are the agreements they have entered into while doing so legally binding; is a bank selling loans and mortgages while insolvent in breach of the condition of its licence to operate; and when was the last governmental review of the licence conditions governing financial institutions. [40669/11]

Summary

84 Deputy John Paul Phelan asked the Minister for Finance if there are copies of the licences necessary for banks to operate here readily available; are the licence conditions governing foreign banks operating in Ireland different from those of the Irish banks; if it is possible to trade as a bank in Ireland without a licence; the persons responsible for monitoring banks compliance with the conditions of their banking licences and is this compliance transparent; the legal consequences for the banks and their customers if the banks have breached one or more of the conditions of their banking licence; if a bank is found to have been operating in breach of one or more of the conditions of their licence, are the agreements they have entered into while doing so legally binding; is a bank selling loans and mortgages while insolvent in breach of the condition of its licence to operate; and when was the last governmental review of the licence conditions governing financial institutions. [40669/11]

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• Banking Sector Regulation

  xml · EN · 15 December 2011

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