Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

The question was whether tapes exist in the other banks, and I assume they do. If a customer rings a bank looking for a statement, there is usually a warning on the answering machine that tells the customer his conversation could be recorded. Anyway, what I was unaware of was that there were internal recordings of conversations between banking executives. I had thought only the calls from outside into the bank had been recorded. I inquired subsequently and I have been informed that it is always the practice to record calls in and out of the treasury department of the bank - for obvious reasons, when one thinks about it. I assume there are recordings of calls in and out of the treasury departments of the other main banks as well. The banks should be on alert, if they were not already before today, since Deputy Ross has raised the matter, that these electronic data may be required by the Oireachtas inquiry when it is put in place.

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