The Minister for Finance, Mr. Brian Lenihan, TD, notes the Statement today of the Irish Financial Services Regulatory Authority concerning its report on matters surrounding directors' loans in Anglo Irish Bank and the regulatory response.
Government Announcement - 11 February 2009
Recapitalisation of Allied Irish Bank and Bank of Ireland
The Minister for Finance notes the resignation of all of the non-executive Directors of Anglo Irish Bank other than the Chairman and those appointed under the Bank Guarantee Scheme.
The Minister for Finance, Mr Brian Lenihan, TD, announced today that the Government will request President McAleese to re-appoint the current Governor of the Central Bank, Mr. John Hurley, on the completion of his term of office in March of this year.
The Government has today decided, having consulted with the Board of Anglo Irish Bank Corporation plc (“Anglo”), to take steps that will enable the Bank to be taken into public ownership. This decision has been taken after consultation with the Central Bank and the Financial Regulator which has confirmed that Anglo Irish Bank remains solvent.
Following on from Government Decisions of 28th November and 14th December on the recapitalisation of financial institutions, the Minister for Finance has this evening announced specific decisions in relation to three major financial institutions. Commenting on the announcement;
The Taoiseach said:
18.12.08The Minister for Finance, Mr Brian Lenihan, TD, today welcomed the appointment of Mr Donal O’Connor as the new Chairman of Anglo-Irish Bank
The Minister for Finance, Mr Brian Lenihan, TD, today welcomed the appointment of Mr Donal O’Connor as the new Chairman of Anglo-Irish Bank to replace Mr Sean FitzPatrick. The Minister noted that this appointment was made following consultation with him.
The Government has today decided on an approach to the recapitalisation of credit institutions. The Government’s objective is to ensure the long-term sustainability of the banking sector in Ireland and to underpin its contribution through the availability of credit to individuals and businesses in the real economy.
04.12.08Minister for Finance announces option for members of Defined Contribution occupational pension schemes to defer annuity purchase
Minister for Finance announces option for members of Defined Contribution occupational pension schemes to defer annuity purchase
Directors for the Credit Institutions in the Government Guarantee Scheme
The Minister for Finance, Mr. Brian Lenihan T.D. has today named the panel from which the six major banks and building societies covered by the Government Guarantee Scheme are to select additional Board members. The following individuals comprise the panel:
Mr Declan Collier