The Financial Regulator and the Office of the Director of Corporate Enforcement are currently conducting investigations into certain issues at Anglo Irish Bank. These investigations were ongoing prior to the decision to nationalise Anglo Irish Bank, and I was appraised of this.
A due diligence inquiry was conducted on my behalf, in December and early January, as part of the then proposed recapitalisation of Anglo. This due diligence process, on which I was kept informed, also identified various issues which are now under investigation by the Financial Regulator and the Office of the Director of Corporate Enforcement.
It would not be appropriate for me to comment on or prejudge the outcome of these investigations.