Central Bank of Ireland Investigations

Dáil Éireann Debate, Thursday - 5 March 2015

Thursday, 5 March 2015

Ceisteanna (87)

Michael McGrath

Ceist:

87. Deputy Michael McGrath asked the Minister for Finance the current state of the Central Bank of Ireland investigation of issues relating to under-provisioning at a company (details supplied); and if he will make a statement on the matter. [9827/15]

Freagraí scríofa

Minister for Finance

The Central Bank of Ireland have informed me that an investigation into historical claims reserving practices at the company is ongoing and is at an advanced stage.

Once concluded, decisions regarding enforcement proceedings will be made by the Central Bank.