Financial Institutions Investigations.

Dáil Éireann Debate, Wednesday - 18 February 2009

Wednesday, 18 February 2009

Questions (85)

Kathleen Lynch

Question:

113 Deputy Kathleen Lynch asked the Minister for Finance if the Financial Regulator has launched an investigation into the facilitation by Irish Nationwide Building Society over a period of some eight years of the temporary warehousing of loans made by Anglo Irish Bank to members of Anglo’s board of directors; the progress of such an investigation; and if he will make a statement on the matter. [6316/09]

Written answers

Minister for Finance (Deputy Brian Lenihan)

The matters in question are under investigation by the Financial Regulator and the Office of the Director of Corporate Enforcement. These investigations will be followed up by both the regulatory authorities, which have extensive powers.

It would not be appropriate for me to comment further pending the outcome of these investigations.