Dáil debates

Wednesday, 18 February 2009

 

Banking Sector Regulation.

1:00 pm

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)

I identified my concerns regarding issues of corporate governance, but I could not have put information that had not been finalised on the record of the House. The transactions involving the Quinn Group are complex in character and we must await the regulator's final report to deal with them.

Concerning the identification of parties who are customers of financial institutions, it would require the exercise by the Director of Corporate Enforcement of his discretion to consider invoking a High Court inspection to bring matters of that character to light.

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