Martin Heydon (Kildare South, Fine Gael) | Oireachtas source

I thank the Minister for his response. At our meeting with the Central Bank last Friday I asked direct questions about when the Central Bank had concerns. I specifically asked about a meeting that was supposed to have happened in 2005 between the regulator, the registrar and the board of directors. A fair description is that we were stonewalled, with a lack of information from the Central Bank. I want an assurance that at the end of the process we will have a full and frank outlay of information about who knew what in order that we can ensure the mistakes that happened in Newbridge and the manner in which the matter has been handled do not happen again. If mistakes were made in Newbridge, they were not made by the 38,000 ordinary members or the businesses in the town that have suffered owing to the lack of dividends paid for the past three years.

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