Dáil Éireann Debate, Wednesday - 10 November 2010
81 Deputy Michael Noonan asked the Minister for Finance if he has received a report conducted by Ernst and Young into policies and practices at Irish Nationwide Building Society; if he will publish the report; and if he will make a statement on the matter. [41607/10]
Amharc ar fhreagraThe Board of Irish Nationwide Building Society has commenced a process to investigate certain "legacy" issues in the Society. As a first step in this, the Board engaged a firm of investigating accountants to delineate appropriate areas for inquiry. An initial report was presented to the Board of the Society in June 2010, copies of which were presented to the Central Bank, the NTMA, to whom I have delegated certain of my banking functions, and to my Department. I presume this is the report to which the Deputy is referring. Arising from this, the Board of the Society has agreed arrangements for the further investigation of appropriate matters. The Central Bank and the NTMA are being kept informed of progress. In view of the legal status and contents of the document, and the fact that matters continue to be examined, I am not at liberty to publish it.
