Brian Lenihan Jnr (Dublin West, Fianna Fail)

This was described in the report as an issue. On that basis, my Department referred it to the Financial Regulator.

On the precise details of the transaction, I reiterate what I have already put on the record of the House. On the transaction with Irish Life & Permanent, I am advised that Anglo Irish Bank placed funds with Irish Life & Permanent. A non-bank subsidiary company of Irish Life & Permanent then deposited a similar amount in Anglo Irish Bank as a customer deposit.

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