Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

The strategic review commissioned by the SBCI and done by EY was obviously an independent review. However, EY also had client companies for whom it acted as auditor. In respect of independence, how can it be assured that the review is independent? EY's reputation precedes it, because it was the auditor to Anglo Irish Bank and we know how that worked out. Does SBCI consider looking to companies outside of the State when it is seeking to conduct an independent review, so that there are not those conflicts of interest, in the same way, for example, that Sport Ireland had to look outside of the State when it commissioned KOSI to do some work on the FAI?

How confident can the SBCI be that it is independent when it has a dual arrangement?