Seán Sherlock (Cork East, Labour)
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Question 80: To ask the Minister for Finance his views on the recent appointments of persons (details supplied) as Non-executive Directors of the Bank to the Board of Directors of Anglo Irish Bank; and if he will make a statement on the matter. [25626/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Under the Relationship Framework the Board of the bank must obtain the prior approval of the Minister for any Board appointments it proposes. In this instance the Board recommended the appointment of the individuals referred to in the Deputy's question, and submitted names including background details, for approval.

Further the Deputy will be aware that as a regulated entity, all proposed appointments to the Board of the bank require the approval of the Financial Regulator in accordance with fitness and probity requirements.

The recent board appointments were all made in adherence to this process and the appointment was approved by the Financial Regulator and subsequently by me under the Relationship Framework.