Written answers

Wednesday, 20 June 2012

Department of Finance

Dormant Accounts Fund

9:00 pm

Photo of Maureen O'SullivanMaureen O'Sullivan (Dublin Central, Independent)
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Question 45: To ask the Minister for Finance the date on which the Central Bank of Ireland came into possession of the two inspection reports carried out by PriceWaterHouseCoopers in relation to the Dormant Accounts Fund and the chronology of events in respect of those reports; when were the institutions to be inspected identified, and by whom; the person who made the judgement that the institutions identified for inspection were sufficiently representative of the dozens of financial institutions that have contributed to the Dormant Accounts Fund since its establishment more than a decade ago, some of which have since collapsed in apparent consequence of their own internal maladministration; and if he will make a statement on the matter. [30014/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I have been informed by the Central Bank of Ireland that a review of all Dormant Account Holders, under the remit of the Bank, is currently ongoing. The Bank has to date received a number of completed reviews covering specific institutions and a further number of reviews are scheduled to be completed later in the year. The Bank will submit a report to both me and my colleague, the Minister for the Environment, Community and Local Government, when the review process has been completed.

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