Dáil Éireann Debate, Thursday - 22 January 2026
320. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance further to Parliamentary Question No. 818 of 13 January 2026, to outline the rationale for not providing information on the categories of SPE/S.110 companies given that this information is required on the registration form for these vehicles; and if he will make a statement on the matter. [5203/26]
Amharc ar fhreagraI acknowledge that there was an oversight in the response issued to the Deputy in response to Parliamentary Questions No. 818 [74050/25] and 820 [74052/25] of 13 January 2026. The response should have read:
“I am advised by the Central Bank of Ireland (CBoI) that it does not publish information related to the Irish economic activity of Special Purpose Entities (“SPEs”) and therefore a breakdown of the share of assets held in SPEs according to Irish economic activity cannot be provided.
Additionally, I am advised by the CBoI that it does not publish information on the ownership of SPEs by charitable trusts and that therefore a breakdown of SPEs owned by charitable trusts is not available.”
To respond to your query in PQ 5203/25, I note that the CBoI can provide a breakdown of the domestic assets held by Irish SPEs by type of asset and this is set out below.
Value of Assets[[1]] Held by Irish SPEs Where the Other Party is Irish Resident
|
Outstanding Amounts - € billions |
|
|
|
Assets with Irish Counterparties |
|
2025 Q3 |
|
Deposits and loan claims |
Total |
81.8 |
|
|
Financial Vehicle Corporations (FVC)[[2]] |
20.2 |
|
|
Other SPE[[3]] |
61.6 |
|
Securitised loans |
Total |
60.6 |
|
|
FVC |
42.5 |
|
|
Other SPE |
18.1 |
|
Securities other than shares |
Total |
16.6 |
|
|
FVC |
7.6 |
|
|
Other SPE |
9.0 |
|
Total |
|
159.0 |
Further data is available on the CBoI website. In particular, I would like to draw your attention to Chart 1 of the Statistical Release for SPEs Q3 2025 available at this link on the CBoI [website], which provides a breakdown of the top 5 activity types of FVC’s and Other SPE’s by total asset value.
[[1]] The table is based on current SPE data for Q3 2025. The release of Q4 2025 data is scheduled for 6 March 2026
[[2]] Financial vehicle corporations (FVCs) are entities set up to handle securitisation transactions, separating payment obligations from the originator.
[[3]] A Special Purpose Entity (SPE) is a company specially created to fulfil a narrow, specific purpose. The reasons for setting up an SPE include holding pools of assets as security for loans and creating liquidity for entities.
