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Financial Services Regulation

Dáil Éireann Debate, Wednesday - 14 December 2011

Wednesday, 14 December 2011

Questions (67)

David Stanton

Question:

68 Deputy David Stanton asked the Minister for Finance if he received a report from the Financial Regulator in 2009 regarding an investigation into a company (details supplied); his plans to publish same; and if he will make a statement on the matter. [40064/11]

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Written answers

My Department did not receive a report in 2009 regarding the firm mentioned by the Deputy and the Central Bank has confirmed that no such report was forwarded to the Department. I would like to advise the Deputy that, for confidentiality purposes, the Central Bank would not normally inform my Department about supervisory matters such as these which are within the sole remit of the Central Bank. The first report seen by my Department regarding an investigation into this company was the final report to the High Court, prepared by Court Appointed Inspectors and dated 19th October 2011. On 21 October 2011, the High Court ordered that the final report of the inspectors be published in redacted form on the website of the Central Bank.

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