Oireachtas Joint and Select Committees

Thursday, 15 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

I welcome the Governor of the Central Bank, my former colleague in Trinity College Dublin, TCD, and I thank him for his report and presentation.

What the Governor refers to as the window dressing is when there were back-to-back deposit transactions between a subsidiary of Irish Life and Permanent and Anglo Irish Bank for €7 billion to make Anglo Irish Bank's books look better. Did the Central Bank sanction that?

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