Seanad debates
Tuesday, 20 January 2009
Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages
10:00 am
Frances Fitzgerald (Fine Gael)
Good. The Minister of State stated, "Anglo Irish Bank will be managed on a commercial basis at arm's length from the Government" and a new board will be appointed. I ask him to clarify how exactly the investigation will be done into what has gone wrong and how the lessons can be learnt. Can he clarify the role of the regulatory authority, which the Minister speaks about, as opposed to the Director of Corporate Enforcement? The Minister for Finance is saying one thing and the Minister of State is saying another.
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