Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. The Central Bank Act 1989, as you know, places an obligation on auditors to report to the Financial Regulator if they have any reason to believe that there are any circumstances which would affect the bank's ability to meet its financial obligations, for example. Did Deloitte make any such report to the Financial Regulator under section 47, pertaining to Ulster Bank?

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