Michael McGrath (Cork South Central, Fianna Fail)
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141. To ask the Minister for Finance the status of the reports completed by McCann Fitzgerald and Ernst and Young into certain corporate governance matters at the former Irish Nationwide Building Society; if the reports have been referred to An Garda Síochána and to the Office of the Director of Corporate Enforcement; the action being taken as a result of the content of the reports; and if he will make a statement on the matter. [29738/15]

Michael Noonan (Limerick City, Fine Gael)
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As previously outlined to the Deputy, I am aware of a number of reports that have been produced by third parties in relation to matters arising from the banking crisis which remain unpublished at this time including those produced by McCann Fitzgerald and Ernst and Young (which were commissioned by the former Board of INBS) in relation to governance matters in the former Irish Nationwide Building Society.

I have been advised that given the on-going nature of the investigations by the Authorities, including in particular the investigation which was conducted by the Central Bank of Ireland (the Central Bank) under its Administrative Sanctions Procedure, into historic lending practices at INBS, to which an inquiry by the Central Bank will be established, the reports cannot legally be published at this time. Publication of the reports may be considered when those proceedings are concluded or when any Garda investigation has been finalised (or any proceedings arising from such investigation are concluded).