Michael Healy-Rae
Ceist:73 Deputy Michael Healy-Rae asked the Minister for Finance his views on correspondence regarding AIB charges (details supplied). [26435/12]
Amharc ar fhreagraWednesday, 6 June 2012
Ceisteanna (83)
Freagraí scríofa
As I noted to the House on 18 April 2012, the Bank's policy in relation to fees is a matter for the management and board of the institution.
The Relationship Framework that was specified on 30 March 2012, as per the Memorandum on Economic and Financial Policies agreed with the EU Commission, the ECB and the IMF, defines the nature of the relationship between the Minister for Finance and Allied Irish Banks. This framework, inter alia, rules out intervention by the Minister for Finance in day-to-day management and commercial decisions and allows the bank appropriate discretion to define its own strategic budget, and business plans.