Seanad debates

Thursday, 19 February 2009

11:00 am

Photo of Eugene ReganEugene Regan (Fine Gael)

In regard to some of the measures to which I have just referred, I ask about the quality and independence of the advice given to the Government. It has been reported in the newspapers that PricewaterhouseCoopers advises and acts as auditor for Bank of Ireland while at the same time advising the Government. Arthur Cox solicitors advises Bank of Ireland as well as the Minister for Finance, Deputy Brian Lenihan, who gave the blasé response that such organisations have Chinese walls to prevent any conflict of interest.

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