Dáil Éireann Debate, Thursday - 21 March 2013
21. Deputy Michael Moynihan asked the Minister for Finance if he is satisfied with the pace of progress of investigations into the collapse of Irish Nationwide; if his attention has been drawn to the timetable under which they will be completed; and if he will make a statement on the matter. [14042/13]
View answerI have been advised that an investigation is being conducted under the Central Bank’s Administrative Sanctions Procedure into historic lending practices at INBS. I am advised that for legal reasons, including the Central Bank’s confidentiality obligations pursuant to section 33AK of the Central Bank Act 1942, no further details can presently be disclosed. I am further advised by the Central Bank that an appropriate number of enforcement staff, commensurate with the investigation’s complexity are dedicated to it and investigation resources are kept continuously under review. For the reasons already explained, no further details can be disclosed at this time.
