Written answers

Wednesday, 10 July 2013

Department of Finance

Public Interest Director Responsibilities

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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73. To ask the Minister for Finance if the former public interest director (details supplied) at Anglo Irish Bank informed the Government of the existence of recorded phone conversations at the bank. [33674/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The person named was a director but not a public interest director at Anglo Irish Bank. There were two public interest directors appointed to the board of Anglo Irish Bank in December 2008. However after nationalisation there were no further specific public interest directors on the board of IBRC. Mr Alan Dukes had been appointed as a public interest director in Dec 2008 and was made Chairman of Anglo Irish Bank in June 2010. Mr Frank Daly was also appointed as a public interest director in Dec 2008 and left the board in Dec 2009.

The Department of Finance was aware of the existence of tape recordings of phone conversations in the bank and that there were a number of investigations progressing into Anglo Irish Bank and that the Board and senior management of Anglo/IBRC were fully co-operating with them. It is not the role of the Department to interfere with investigations that are being conducted by the authorities. I am not aware of the content of the recorded phone conversations held by the bank being raised with my Department by any member of the board of IBRC.

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