Written answers
Wednesday, 4 May 2011
Department of Finance
Banking Sector Regulation
9:00 pm
Bernard Durkan (Kildare North, Fine Gael)
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Question 67: To ask the Minister for Finance the position regarding action taken or proposed by the relevant authorities against banks or others deemed to have failed to take action to protect the national interest; and if he will make a statement on the matter. [10047/11]
Michael Noonan (Limerick City, Fine Gael)
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The Deputy will appreciate that the concerns raised by him – which are indeed shared by this Government and the citizens of the country – are subject to various on-going investigations. Bodies such as the Director of Public Prosecutions, Office of the Director of Corporate Enforcement, Central Bank and Garda Síochána are statutorily independent in the exercise of their executive functions. Consequently, I feel it would be inappropriate of me to make further comment, at this stage, which might prejudice the outcome of any such investigations.
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