As the Deputy is aware a number of reports were 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 ( CBI ) under the terms of a protocol for limited disclosure agreed between the parties to preserve legal privilege over the material. IBRC was prohibited from disclosing these reports to anyone without the consent of CBI, McCann FitzgGerald and Ernst and Young.
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, the reports cannot legally be published at this time. Publication of the reports 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 are concluded).