Sandra McLellan
Question:32. Deputy Sandra McLellan asked the Minister for Finance if he will release the report on Irish Nationwide Building Society of 2009; and if this report will be made available to any banking inquiry. [41521/13]
View answerThursday, 3 October 2013
Questions (32)
Written answers
I am advised that a number of reports on INBS have been produced by Ernst and Young and McCann FitzGerald at the request of the INBS Board. Copies of all of these reports have been provided to the Central Bank of Ireland under the terms of a protocol for limited disclosure agreed between the parties to preserve legal privilege over the material. A report was also provided to the Gardaí in this regard. Copies of these reports will be made available to any banking inquiry where necessary. However, 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).