Brian Cowen (Laois-Offaly, Fianna Fail)

The Deputy will be aware there are well established mechanisms to establish the full picture of what went wrong in the bank. The Financial Regulator is carrying out its own investigation and I understand will report back to a committee of this House on the matter. The Director of Corporate Enforcement is also investigating behaviour in the bank. Those two mechanisms available to us are what is going on in regard to the bank at present. When they have completed their inquiries, they will report as quickly as possible on them. On the question of the appointment of a High Court examiner, in the interests of maintaining confidence in the institution it will continue to operate as a going concern, but the Office of the Director of Corporate Enforcement and the Financial Regulator's office are conducting inquiries at present.

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