The Minister for Finance has welcomed the publication of the opinion of the European Central Bank (ECB) on the Central Bank Reform Bill 2010. The opinion follows an earlier opinion from the ECB dated 7 April 2010 based on the draft heads of the Bill.
The Minister for Finance, Mr. Brian Lenihan T.D., said:
“The Government has now agreed that the Oireachtas consider these reports. In this context, I understand that Joint Oireachtas Committee on Finance and the Public Service intends to invite the authors of both reports to appear before it and elaborate on their findings.”
Last December, the media reported that Bank of Ireland had paid a substantial bonus last year to a senior manager.
The Bank had repeatedly told the Department of Finance that no performance related bonuses had been paid to senior management. The Minister relied on this incorrect information in his replies to Parliamentary Questions about bank bonuses.
The Minister for Finance, Mr. Brian Lenihan, TD has confirmed today that an additional €2 billion is being made available to Anglo Irish Bank to support the capital position of the bank.
The Minister for Finance, Mr. Brian Lenihan T.D. welcomed today’s successful bond issuance by the National Treasury Management Agency (NTMA): "I welcome the National Treasury Management Agency’s bond issuance today. The bonds offered in the auction were a 4 year and 10 year bond worth up to €750 million each and these bonds received bids of over 3 times the maximum amount on offer.
The Minister for Finance, Brian Lenihan T.D., welcomed the agreement today by Eurogroup Ministers to endorse a three year programme of support, which has strong conditionality attached, to assist Greece.
29.04.10Minister for Finance, Mr Brian Lenihan, TD, announces publication of the Financial Services (Deposit Guarantee Scheme) Bill 2009.
Minister for Finance, Mr Brian Lenihan, TD, announces publication of the Financial Services (Deposit Guarantee Scheme) Bill 2009.
The Minister for Finance, Mr Brian Lenihan TD, today announced that the Government had approved the publication of the Financial Services (Deposit Guarantee Scheme) Bill 2009.
The Minister for Finance, Mr. Brian Lenihan T.D., welcomed today’s announcement by the National Treasury Management Agency of the details of the National Solidarity Bond:
“I am very pleased to launch the National Solidarity Bond, which I announced in my Budget 2010 speech.
The Minister for Finance, Mr. Brian Lenihan T.D., welcomed the announcement today that Bank of Ireland intends to raise €3.4 billion of equity capital. This will ensure the Bank meets the stringent capital requirements set out by the Regulator. The National Pension Reserve Fund Commission will enter into a transaction with Bank of Ireland which will form part of this capital raising exercise.
The underlying General Government deficit for Ireland for 2009 is 11.8% of GDP. However, for technical reclassification reasons associated with the banking sector, the headline deficit is 14.3% for 2009 as set out in the Information Note below. It is important to point out that there is no additional borrowing associated with this technical reclassification.