Analysis & Documentation of Irish Banking Regulatory & Oversight Failures

A comprehensive research archive of source documents, articles and evidence relating to Central Bank failures, the Banking Inquiry, Ulster Bank fraud, and the cover-up of whistleblower disclosures.

EU Banking Regulations — Contributory Negligence

EU Banking Regulations — Contributory Negligence — Cormac Butler

Central Bank of Ireland Contributory Negligence — Cormac Butler (Transparency Task Force)

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Central Bank — Suppression of Evidence & Regulatory Failure

Central Bank employee submits report April 2015 — not added to website until November 2015

Central Bank employee — former Head of Financial Stability Unit — not called as witness

The Times

Central Bank withheld core documents — PDF Page 22

Oireachtas Banking Inquiry — Frank Browne Written Statement

Central Bank official not called to Banking Inquiry

The Irish Times

Central Bank official submitted written testimony & USB with evidence — what happened to this evidence?

Central Bank official: "My bosses repeatedly ignored my warnings"

Irish Independent

Central Bank concerns expressed by Committee Members

Central Bank redaction policy — watering down reports

Irish Examiner

RTE Radio — "Preferential treatment to Central Bank" claim

Reinforced by Senan Allen's actions in official transcripts

Second team member leaves Banking Inquiry — frustrated about manner in which investigation was being run

The Irish Times

Senan Allen, hired by the Dáil Clerk, did not interview this witness who left in support of the Investigator — confirmed in official transcripts and repeated in Cover-up Upon Cover-up below. Research suggests the State is pressurising this witness to change their story.

Ireland's Bank Guarantee scheme was insane

The Irish Mirror

Guarantee sank whole nation, Bank Inquiry told

Irish Independent

Final Inquiry report removes ALL references to Solvency

The Irish Times

The Joint Committee on Finance meeting of 28 May 2019 references insolvency of the banks 27 times in one meeting.

"Extraordinary" that the Central Bank did not speak to the whistleblower who reported breaches at Unicredit Bank

TheJournal.ie

Unicredit whistleblower not called to Banking Inquiry

Interview with Vincent Browne, Broadsheet.ie

The cover-up on collateral shortfalls and Ulster Bank continued with the destruction of a member of the Expert Support Team.

"Why wasn't this whole process put at arm's length to the Houses of the Oireachtas Service?"

The Irish Times — "Not the independent report MacSharry wanted"

Cover-up Upon Cover-up — Village Magazine (link)

"Marc MacSharry, a committee member, has reviewed the whole handling of the whistleblower’s complaint and the inquiry itself and said the whistleblower was “thrown under a bus” and “in fact the claims were borne out”." (Mr MacSharry: Senator: 2002-2016 and TD 2016-2024)

From our research: witnesses and evidence were ignored to protect the Central Bank at all costs — pressure to drop and not investigate the Protected Disclosures about the Central Bank by Senan Allen, , as evidenced in official transcripts.

All of which has allowed for asset stripping of customers.

Why did the General Counsel of the Central Bank want to screen questions in advance from the Expert Support Team?

Questions need to be asked of all participants.

We recommend watching the videos capturing testimony given to the Finance Committee re the Central Bank and other videos on our pages.

Videos

Central Bank informed in 2012 (our research) and still denying the existence of fraud — 20 September 2023. Why?

With hundreds in courts with fraudulently sold loan products — how many assets were lost since 2012?

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Joint Committee on Finance — 28 May 2019

Accounting Policy — Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach

"We strongly suggest that bankers who appear before the Committee should be asked to re-state their published accounts to comply with the law." See Pages 3, 6, 21, 24 of PDF.

Chair of The PAC - "Basically, they were hoodwinking us" during bank inquiry testimony Read the minutes of this important Meeting - Linke

Were the banks insolvent and bailed out when the guarantee was made? The Committee meeting of 28 May 2019 references insolvency 27 times. The table below shows the scale of State exposure: