Brian Lenihan Jnr (Dublin West, Fianna Fail)

I would be very pleased to do so. However, I will first address Deputy Costello's questions. As I indicated in my reply, I instructed my officials that the new board should deal with this matter. To date we have not received a report from the Financial Regulator on this matter. Deputy Costello will appreciate that the old board of Anglo Irish Bank stayed in operation until the institution was nationalised by the Houses. The old board was in existence until the President signed the legislation and a new board was constituted by the Government. That was a new board, distinct from that which existed for most of the month of January.

See this speech in context