Written answers
Wednesday, 24 February 2010
Department of Finance
Financial Services Regulation
9:00 am
Lucinda Creighton (Dublin South East, Fine Gael)
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Question 117: To ask the Minister for Finance if he will provide the names of the heads of investigations being carried out by the Financial Regulator and when such reports will be forthcoming. [9498/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I understand that the Deputy is referring to investigations into Anglo Irish Bank currently being carried out by staff of Irish Financial Services Regulatory Authority reporting to its Chief Executive, Mr. Matthew Elderfield. In accordance with the Central Bank Act 1942 (as amended) and the Statute of the European System of Central Banks, the Central Bank and Financial Services Regulatory Authority is an independent statutory body and I am not in a position to provide the information sought.
Lucinda Creighton (Dublin South East, Fine Gael)
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Question 118: To ask the Minister for Finance the investigations being carried out into the dealings of Anglo Irish Bank by any agent or agency of the State and when such investigations will be completed and such reports delivered. [9499/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy will be aware, a number of regulatory bodies are carrying out investigations of behaviour at Anglo Irish Bank. These include the Office of the Director of Corporate Enforcement, the Garda Fraud Office and the Financial Regulator and the Irish Auditing and Accounting Supervisory Authority (IAASA). Whilst all enquiries are at an advanced stage and are being progressed as a matter of priority, the matters under investigation are detailed and complex and it is not possible at this time to specify when the investigations will be concluded. I am of course anxious that the investigations are completed as swiftly as possible.
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