Ken O'Flynn

269. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance To set out whether his Department will publish a regional breakdown of any identified hidden-credit-line exposures, including figures for Munster and Cork; to provide the number of lenders involved, the approximate scale of exposures, and the estimated taxpayer risk; and to outline how borrowers in Cork city and county will be notified where relevant. [64771/25]

270. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance To state whether his Department or the Central Bank has commissioned any independent external review to examine the hidden-credit-line exposures referenced in the report; whether such a review includes analysis of any overlap with tracker-mortgage account failures; and whether he will commit to publishing the full findings. [64772/25]

271. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance To specify the deadlines his Department has imposed on regulated lenders for completing reconciliation and account-level verification of all standby or credit-line exposures that may involve State backing; to outline the current level of compliance; and to set out the sanctions for institutions that fail to meet those deadlines. [64773/25]

272. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance To confirm whether the hidden-credit-line phenomenon identified in the recent report was considered during the Department's modelling of borrower redress under the tracker-mortgage framework; to state whether any borrowers may be adversely affected by hidden credit-line exposures, including through loan transfers or securitisations; and to outline how his Department will provide updated guidance to borrowers in Cork city and county. [64774/25]

273. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance his Department's most recent estimate of total taxpayer-contingent exposure arising from hidden or off-balance-sheet credit lines within the Irish financial system; the assumptions underpinning that estimate; to state when it was last reviewed; and to confirm whether he will commit to regular publication and parliamentary scrutiny of such figures. [64775/25]

274. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether his Department has examined historic balance-sheet restatements by regulated lenders since 2008 to determine whether any concealed or misclassified credit-line exposures were subsequently corrected; to provide the number of restatements identified; and to indicate whether any of these involved previously undisclosed contingent liabilities now known to the Department. [64776/25]

275. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether the Central Bank of Ireland's supervisory engagement model includes specific tests to identify hidden credit-line structures, including shadow-facilities, inter-affiliate lines or synthetic credit arrangements; and to confirm whether the Minister has requested enhancements to these supervisory tools in light of recent findings. [64777/25]

276. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the instructions, guidance or circulars the Department has issued to regulated lenders since 2015 regarding the disclosure of contingent exposures, including off-balance-sheet commitments; and whether lenders have been required to re-examine their reporting of standby credit facilities or similar commitments. [64778/25]

277. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance his assessment of the risk that hidden credit-line exposures may have influenced the sale, transfer or securitisation pricing of Irish mortgage portfolios since 2015; and to confirm whether his Department has examined whether any such exposures contributed to borrower misclassification, particularly among tracker-mortgage accounts. [64779/25]

278. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance how many regulated lenders have reported unresolved credit-line irregularities, incomplete reconciliations or unexplained valuation adjustments to his Department or the Central Bank in the past five years; and to detail how many of those reports remain under investigation. [64780/25]

279. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether the Department has conducted any analysis of the potential fiscal impact on the State should hidden credit-line exposures materialise during a market-stress event; and to outline the scenarios modelled, the estimated scale of risk, and whether these findings have been shared with the Oireachtas Committee on Finance. [64781/25]

280. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether his Department is aware of any interaction between hidden credit-line structures identified in the recent report and the use of credit-default swaps, total-return swaps or similar derivatives by Irish-regulated institutions; and to detail any supervisory actions taken regarding such instruments. [64782/25]

281. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether the Department or the Central Bank has identified any instance since 2015 in which a regulated lender used intra-group or inter-affiliate funding arrangements to obscure the true scale of its credit-line exposure; and to outline what corrective measures were taken in response. [64783/25]

282. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether Irish-regulated institutions have provided the Department with full account-level reconciliation of all credit-line facilities assigned, transferred or re-priced during loan-book sales; to state how many such reconciliations remain outstanding; and to indicate when the Department expects all lenders to reach full compliance. [64784/25]

283. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance what actions he has taken to ensure that borrowers whose loans may have been linked to hidden credit-line exposures are notified in a timely and transparent manner; to detail how such borrowers will be contacted; and to confirm whether his Department will publish regional figures for Cork city and county on affected accounts. [64785/25]

284. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the Department's most recent assessment of the fiscal risk to the State arising from hidden or off-balance-sheet credit-line exposures held by regulated institutions; to detail the models used to calculate that risk; and to confirm whether updated risk estimates will be provided to the Oireachtas on a scheduled basis. [64790/25]

285. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether the Department has carried out any macro-prudential stress tests that incorporate the hidden-credit-line exposures referenced in the recent report; to outline the scenarios examined; and to indicate what level of systemic vulnerability was identified. [64791/25]

286. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the projected impact on the General Government Balance and General Government Debt should hidden credit-line exposures materialise; and to confirm whether contingency planning for such an event has been completed by his Department. [64792/25]

287. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether a fiscal-risk note, or internal briefing, was prepared by his Department following the publication of the report Hidden Credit Lines The Largest Fraud Anywhere Ever; and if so, whether he intends to publish that analysis. [64793/25]

288. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether his Department has reviewed the potential interaction between hidden credit-line exposures and the liquidity positions of Irish-regulated lenders; and to detail any measures introduced to strengthen liquidity-risk management in response. [64794/25]

289. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether the Department has examined the treatment of hidden credit-line exposures within the European System of Accounts framework; to indicate whether any Irish exposures have been escalated to Eurostat; and to set out whether revisions to national-accounts classifications are anticipated. [64795/25]

290. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether his Department has modelled the potential impact of hidden credit-line exposures on the State's borrowing costs, including sovereign-bond spreads; and to outline what assumptions underpin those models. [64796/25]

291. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether any regulated lender has notified the Department of potential revisions to its own internal risk-weightings or capital models as a result of identifying previously hidden or misclassified credit-line exposures; and to state how many notifications have been received. [64797/25]

292. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether his Department has reviewed the adequacy of the State's fiscal buffers, including the National Reserve Fund, in light of the contingent exposures raised in the report; and to state whether additional provisioning will be considered. [64798/25]

293. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance what engagement he has had with the Fiscal Advisory Council regarding potential implications of hidden credit-line exposures for medium-term fiscal sustainability; and whether the Council has been asked to independently assess these risks. [64799/25]