190 Deputy Mary Upton asked the Minister for Finance if, in view of the protection of the banking system, as evidenced by the bank guarantees, recapitalisation and nationalisations, he will intervene to stop banks unfairly cutting overdraft facilities for small and medium enterprises; if his attention has been drawn to the fact that this is driving many otherwise going concerns into receivership as they do not have access to cash flows; his views on whether, in view of the blanket guarantee offered to banks, that they should be required to support businesses that have the ability to remain profitable and stimulate employment and trade; and if he will make a statement on the matter. [3128/09]

Summary

190 Deputy Mary Upton asked the Minister for Finance if, in view of the protection of the banking system, as evidenced by the bank guarantees, recapitalisation and nationalisations, he will intervene to stop banks unfairly cutting overdraft facilities for small and medium enterprises; if his attention has been drawn to the fact that this is driving many otherwise going concerns into receivership as they do not have access to cash flows; his views on whether, in view of the blanket guarantee offered to banks, that they should be required to support businesses that have the ability to remain profitable and stimulate employment and trade; and if he will make a statement on the matter. [3128/09]

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Timeline

1. 3 February 2009

   Financial Services Regulation.

   190 Deputy Mary Upton asked the Minister for Finance if, in view of the protection of the banking system, as evidenced by the bank guarantees, recapitalisation and nationalisations, he will intervene to stop banks unfairly cutting overdraft facilities for small and medium enterprises; if his attention has been drawn to the fact that this is driving many otherwise going concerns into receivership as they do not have access to cash flows; his views on whether, in view of the blanket guarantee offered to banks, that they should be required to support businesses that have the ability to remain profitable and stimulate employment and trade; and if he will make a statement on the matter. [3128/09]

   Source: written

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• Financial Services Regulation.

  xml · EN · 3 February 2009

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• Mary Upton · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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