The Irish Minister for Finance, Brian Lenihan, and the European Competition Commissioner, Neelie Kroes, met on October 6 in Luxembourg to discuss the Irish Government’s legislation in relation to guarantees for banks.
According to the European Commission, the meeting was "constructive and important" in clarifying Irish intentions in relation to the implementing measures to be introduced shortly under the terms of the legislation.
The commissioner raised concerns regarding possible discrimination between different banks operating in Ireland and the minister confirmed that he is addressing the issues arising in that regard.
Both the commissioner and the minister agreed that these issues should be analysed by reference to the position of the beneficiary banks in the national economy.
They were also agreed on the importance that steps would be taken to guard against undue distortions in financial flows, and the Minister indicated that these concerns would be addressed through the implementing measures, currently being drafted, which will provide for both behavioural controls and quantitative balance sheet controls.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment