Brian Lenihan Jnr (Dublin West, Fianna Fail)

We must await the report of the regulator. Last week when questions on the back-to-back transaction with Irish Life & Permanent were raised, I tried to be helpful to the House, somewhat to my own discredit, by putting as much of the information as possible into the public domain and outlining the nature of the transaction. It was a simple transaction and, while it remains under investigation by the regulator, its essential features could be easily disclosed. This is not the case in respect of the Quinn Group transaction, which is complex. We await the report of the regulator on it.

See this speech in context