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]
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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Showing questions under the heading Departmental Data.
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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]
302. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether his Department has reviewed the interaction between hidden credit-line exposures and the servicing standards applied by credit-servicing firms; and to state whether any amendments to these standards are being considered. [64808/25]
303. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance whether the Department has established a central reconciliation framework to verify all credit-line exposures attached to transferred or securitised mortgage accounts; to state how many lenders have complied with that framework; and to indicate when full compliance is expected. [64809/25]
304. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance to set out whether his Department has examined the extent to which hidden credit line exposures contributed to borrower misclassification in the tracker mortgage scandal; and to state whether any such exposures remain unresolved at account level. [64810/25]
305. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the number of tracker mortgage accounts remain under review for reinstatement redress or rate correction where loan transfers or securitisation structures may have obscured borrower entitlements; and to state the expected timeline for resolution [64811/25]
306. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance to outline whether regulated lenders have reported any inability to reconstruct original borrower records due to hidden or off balance sheet credit line structures; and to provide the number of cases where borrower data remains incomplete or disputed. [64812/25]
307. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance to state whether the Central Bank of Ireland has identified any correlation between hidden credit line exposures and failures in lenders contract interpretation relating to tracker entitlements; and to indicate what enforcement action followed. [64813/25]
308. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the additional supervisory requirements that have been imposed on lenders to prevent tracker mortgage customers being moved off their correct rate due to unreported credit line exposures or loan servicing arrangements. [64814/25]