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

I want to know the Central Bank's view of these issues. I will put some specific questions to Mr. Sibley. I raised the issue of EBS tied agents. We were told that it is a matter of tied agents versus the bank and that the courts are involved. Within the complaint of the EBS tied agents is the detail that EBS knowingly misrepresented its financial position to the markets, creditors and the Central Bank. Knowing that this is part of the complaint, surely it is the Central Bank's job to investigate. I am not asking about individual EBS agents or specific instances related to the ongoing challenge. I am asking whether the Central Bank has looked at the complaints made by the EBS agents, rather than acting on any one individual case. Has the Central Bank looked at the matter of the flawed accounts used to exploit the very same loophole about which we talked earlier on? Is anybody at work on that?