Written answers

Thursday, 26 March 2009

Department of Finance

Banking Sector Investigations

4:00 pm

Photo of Willie PenroseWillie Penrose (Longford-Westmeath, Labour)
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Question 67: To ask the Minister for Finance if he will publish the reports relating to banks (details supplied); and if he will make a statement on the matter. [12301/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The reports which the Deputy refers to were prepared on behalf of the Financial Regulator who has indicated that because of the commercially sensitive nature of the information contained in the reports, they will not be publishing or making the contents of the reports generally available.

As the Deputy is aware, extracts from a series of reports on Anglo Irish Bank prepared by Pricewaterhouse Coopers were released in view of the fact that Anglo Irish Bank is in public ownership and there was an important public interest in publishing the document.

The banks the Deputy refers to are not in public ownership. As the reports contain commercially sensitive information, it would not be appropriate for those reports to be published at this time.

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