Banking Sector Regulation

Dáil Éireann Debate, Wednesday - 12 December 2012

Wednesday, 12 December 2012

Questions (55)

Gerry Adams

Question:

55. Deputy Gerry Adams asked the Minister for Finance further to the announcement that Irish Bank Resolution Corporation is to sue a company (details supplied) for actions it took during its time as auditors of the bank in advance of its nationalisation, if he will detail if he was consulted in advance of this decision being made. [55914/12]

Written answers

Minister for Finance

I have been advised that IBRC issued proceedings on 27 November 2012 against the company referred to. These proceedings relate to the role of the company as auditors to Anglo Irish Bank Plc. prior to nationalisation. As this matter is now the subject of litigation, it would be inappropriate for me to comment further at this time.