Brian Lenihan Jnr (Dublin West, Fianna Fail)

The work was work in progress and, in respect of Anglo Irish Bank, as with other banks, went through successive drafts. At the end of October, a draft report received by the Department referred to the existence of a loan by Anglo Irish Bank to Irish Life & Permanent on a back-to-back date basis without any dates annexed. The Department referred the matter to the Financial Regulator, who initiated an investigation.

On 18 November, the Governor of the Central Bank wrote to me and sent a final summary of the PricewaterhouseCoopers report, which did not refer to the Irish Life & Permanent transaction. At no stage was the transaction in respect of the Quinn Group dealt with in the report. I want the record of the House to be clear in that regard.

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