John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

At the meeting with the Governor and his colleagues, that point certainly came across but that does not mean it has been accepted. On the issue of reporting, Mr. Sugarman reported a breach that was 20 times over the limit and when that was assessed independently it was found to be 40 times over the limit. It was not just a single breach. It went beyond that.

In his letter, Mr. Sibley says that the Central Bank is satisfied it has taken appropriate action in regard to all information received in respect of the matter. That is so in respect of the report the Central Bank received and the action taken but it has not confirmed whether it fined the bank, or whether there was an administrative sanction relative to that complaint and it is something Mr. Sibley keeps saying he cannot comment on.