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]
Parliamentary questions
Questions
TDs ask ministers questions to get answers on the record, most of them in writing. Here is every one asked in the 34th Dáil, by the department it went to and the subject heading it was filed under. How questions work
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678 questions match, newest first.
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]
294. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the number of loan portfolios containing tracker or variable-rate mortgages have been transferred, sold or securitised by Irish-regulated lenders since 2015; and to confirm whether full account-level audits were required before, during and after each transfer to identify hidden credit-line exposures linked to those loans. [64800/25]
295. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether his Department has assessed whether hidden or undisclosed credit-line exposures influenced the pricing of loan-book sales to non-bank entities; and to detail the conclusions reached from any such assessment. [64801/25]
296. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether non-bank entities currently servicing Irish mortgage accounts are required to declare any inherited credit-line exposures or standby facilities connected to the portfolios they acquired; and to indicate the number of such declarations that have been received. [64802/25]
297. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the due-diligence requirements his Department has imposed on regulated lenders when transferring mortgage accounts to special-purpose vehicles, securitisation structures or affiliated entities; and to confirm whether these requirements include identification of hidden credit-line exposures. [64803/25]
298. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether the Central Bank of Ireland has identified any case since 2015 in which loan-servicing arrangements obscured or failed to disclose a lender's underlying credit-line exposure; and the corrective or enforcement measures that followed. [64804/25]
299. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the number of mortgage accounts held by non-bank entities that are currently under review for possible misclassification, including tracker-mortgage customers; and to state whether hidden credit-line exposures form part of that review. [64805/25]
300. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the safeguards his Department has put in place to ensure that when mortgage loans are transferred to another lender or servicer, borrower entitlements connected to tracker rates or contract terms are preserved and not compromised by undisclosed credit-line commitments. [64806/25]
301. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether any regulated lender has reported difficulties reconciling borrower entitlements after loan-book sales due to previously hidden or off-balance-sheet credit-line structures, and to detail how many such cases remain unresolved. [64807/25]