Tuesday, 2 July 2013

Questions (122, 227)

Pearse Doherty

Question:

122. Deputy Pearse Doherty asked the Minister for Finance the reason he has not published the Irish Nationwide report to date; and if a banking inquiry is established, whether he will be forwarding the report to the inquiry team. [31862/13]

View answer

Pearse Doherty

Question:

227. Deputy Pearse Doherty asked the Minister for Finance when he plans to publish the report into Irish Nationwide, commissioned in 2009. [31773/13]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 122 and 227 together.

I have been advised that given the on-going nature of the investigations by the authorities, including in particular the investigation being conducted under the Central Bank’s Administrative Sanctions Procedure into historic lending practices at INBS, as well as internal considerations within the bank, the report cannot legally be published at this time. Publication of the report may be considered when the Central Bank proceedings are concluded or when any Garda investigation has been finalised (or any proceedings arising from such investigation concluded).

If the Houses of Oireachtas Bill is approved by Oireachtas it will provide the necessary legal framework to allow a formal parliamentary inquiry to be held. The Department will co-operate fully with that inquiry and will forward all information which is legally possible.