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 Header Item IBRC Staff (Continued)
 Header Item Banking Sector Investigations

Tuesday, 2 July 2013

Dáil Éireann Debate
Vol. 809 No. 2

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(Speaker Continuing)

[Deputy Pearse Doherty: Information on Pearse Doherty Zoom on Pearse Doherty]  I will put my question again to see if I can get an answer from the Minister. Does he regret continuing the employment of Mr. John Bowe and Mr. Peter Fitzgerald? The latter was one of the 22 senior executives in Anglo Irish Bank before the crash who, as the Minister stated in the House two years ago, was still in the employment of the State.

Deputy Michael Noonan: Information on Michael Noonan Zoom on Michael Noonan The new management and staffing arrangements of IBRC-Anglo Irish Bank were in place long before I became Minister for Finance. I have no role in the day-to-day running of any of the banks and decisions about who does and does not work in a bank are a matter for the board and management of the bank in question.

The Deputy is moving on to very dangerous ground in naming individuals and assuming culpability. This is exactly what happened when the former Deputy, Ms Mary Harney, engaged in a rant against the former Taoiseach, the late Charles Haughey, and a court subsequently found she had prejudiced the case and charges could not proceed.

Deputy Pearse Doherty: Information on Pearse Doherty Zoom on Pearse Doherty Notwithstanding the revelations on the Anglo tapes, I have made clear for a long time that those who were in senior positions in Anglo Irish Bank should not have been in the employ of the State. The individuals in question earned more than the Minister for Finance until February this year, despite having been involved in a bank that cost the State more than €30 billion. We see the pain this caused in every community in the State.

We have heard a great deal about fitness and probity. Why did the Minister for Finance not issue an instruction that senior executives in Anglo Irish Bank be subjected to a fitness and probity test to ensure they could continue, in senior positions, to restructure the bank? As a former leader of the Fine Gael Party, why did he not speak to another former leader of his party, Mr. Alan Dukes, who was appointed as public interest director in Anglo Irish Bank, to ascertain what Mr. Dukes knew about the reasons some of the 22 individuals in question continued to be in the employment of the State and were awarded salaries in excess of the salary earned by the Minister for Finance?

Has the Minister taken it upon himself to inquire as to whether any other types of tapes exist in Bank of Ireland and Allied Irish Banks? Has he ensured that no one who was in a senior position in Anglo Irish Bank is working in any financial institution being bailed out by the State?

Deputy Michael Noonan: Information on Michael Noonan Zoom on Michael Noonan It is a matter for the directors, boards and management of banks to decide who does and does not work in a particular bank. I remind the Deputy - I am sure he will be disappointed to hear this - that I brought in a special liquidator and liquidated IBRC last February. We closed down the bank. The Deputy would love to be able to point across the Chamber and tell me the individuals in question are still working in the bank. I am sorry to disappoint him because we liquidated the bank and moved it on.

Banking Sector Investigations

 64. Deputy Shane Ross Information on Shane P.N. Ross Zoom on Shane P.N. Ross asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan if his attention has been drawn to any Government members or staff, advisers or associates of his Department who were aware of the existence of the Anglo Irish Bank tapes released and published in the media in recent days; if his attention has been drawn to any members of staff of the Central Bank or any State-owned banks with any knowledge of the tapes; if there are similar tapes in existence recording the activities of staff of other banks; and if he will make a statement on the matter.  [32305/13]

Deputy Michael Noonan: Information on Michael Noonan Zoom on Michael Noonan I confirm that neither I nor any official in the Department of Finance was aware of the contents of the tapes which have emerged in the media until now. The contents of the tapes were not raised with my Department by the board or management of IBRC and my attention has not been drawn to any Government member, staff, adviser or associate of the Department who was previously made aware of the content of the tapes. I am further advised that the Central Bank was not aware of the tapes or the content contained therein until the recent publication.

I am advised that the tapes have previously been provided by Anglo Irish Bank-IBRC to the Garda and a number of other authorities involved in investigations relating to Anglo Irish Bank. I also understand the recordings have been provided by way of discovery in certain legal proceedings involving IBRC.

From the date of the nationalisation of Anglo Irish Bank on 16 January 2009, the Minister for Finance directed the bank to co-operate fully with all regulatory investigations. I am advised by the bank that it is fully co-operating and in that context the bank has provided originals and copies of large data sets under compulsion and court order to the Chartered Accountants Regulatory Body, the Garda Bureau of Fraud Investigation, the Office of the Director of Corporate Enforcement, the then Financial Regulator and the Nyberg banking commission. In particular, the bank has informed me of the following matters.


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