Banks: First Trust Bank

House of Lords written question – answered on 13th October 2011.

Alert me about debates like this

Photo of Lord Laird Lord Laird UUP

To ask Her Majesty's Government, further to the Written Answer by Lord Sassoon on 11 August (WA 387) concerning the supervision of banks, whether the Financial Services Authority (FSA) has now assessed the control the government of the Republic of Ireland have taken over the First Trust Bank; what was its conclusion; what assessment it has made of the management of the bank; and whether the FSA has cleared the appointment of the Bank's senior management.

Photo of Lord Laird Lord Laird UUP

To ask Her Majesty's Government, further to the Written Answer by Lord Sassoon on 3 October (WA 154-5) concerning the First Trust Bank, whether they will list in the Official Report the Financial Services Authority Approved Persons associated with that bank.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

Allied Irish Banks plc (AIB plc) is supervised by the Central Bank of Ireland. Appointments to the board of AIB plc are a matter for AIB plc, its shareholders and the Central Bank of Ireland.

AIB Group (UK) plc, which includes First Trust Bank (its Northern Ireland brand), is separately authorised and regulated by the Financial Services Authority (FSA).

AIB Group (UK) plc board appointments are a matter for the company and must meet the FSA approved person requirements.

The FSA publishes a list of approved persons for authorised banks on its website but does not make public its detailed assessment of bank management.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.