Articles

EU Banking Regulations – Contributory Negligence:

EU Banking Regulations – Contributory Negligence – Cormac Butler

Central Bank

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

Central Bank employee submits report April 2015 according to sources but not added to website until Nov 2015

Central Bank employee, former head of financial stability unit not called as witness

Central Bank withheld core documents- PDF – Page 22

Central Bank official not called to Banking Inquiry The Irish Times

Central Bank official submitted written testimony & USB w evidence – what happened to this evidence

Central Bank official: ‘My bosses repeatedly ignored my warnings’ – Irish Independent

Central Bank redaction policy? (water down reports) Irish Examiner

Central Bank concerns expressed by Committee Members

RTE radio comments on “preferential treatment to Central Bank” claim – reinforced by Senan Allen actions in official transcripts

Second team member leaves Banking Inquiry – frustrated about manner in how investigation was being run – The Irish Times

Senan Allen hired by the Dail Clerk, did not interview this witness either who left in support of the Investigator either as confirmed in official transcripts, and repeated in the Cover up Upon Cover up article below. Research suggests that the State is pressurizing this witness to change their story.

Ireland’s Bank Guarantee scheme was insane – The Mirror

Guarantee sank whole nation, bank inquiry told – Irish Independent

and accordingly, the

Final Inquiry report removes ALL references to Solvency The Irish Times

Joint Committee on Finance, Public Expenditure and Reform and Taoiseach meeting, 28 May 2019, references insolvency of the banks 27 times in one meeting and in this same meeting:

“We strongly suggest that bankers who appear before the committee should be asked to re-state their published accounts to comply with the law” – A bank finance expert providing testimony to this Committee.

The banks were insolvent and bailed out when the guarantee was made?

“Extraordinary” the Central Bank did not speak to the whistleblower who reported the breaches in Unicredito 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 destroying 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?” Irish Times

“Not the independent report MacSherry wanted” Irish Times

Important read: Cover up upon Cover up – Village Magazine

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

From our research (incl above article): witnesses & evidence ignored to protect the Central Bank at all costs (pressure to drop & not investigate the Protected Disclosures about the Central Bank by Senan Allen as evidenced in transcripts reviewed). All of which has allowed for asset stripping of customers.

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

Questions need to be asked of participants.

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

Central Bank informed in 2012 (our research) and still denying the existence of fraud, Sept. 2023 – WHY?

20 Sept 2023 (yet informed as early as 2012 by a victim)

With 100s in Courts w fraudulently sold loan products & how many assets lost since 2012?

Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach debate, 28 May 2019

Accounting policy
“We strongly suggest that bankers who appear before the Committee should be asked to re-state their published accounts to comply with the law”

Pages 3, 6, 21, 24 of pdf

“They were hoodwinking us, basically”

Institution	State Cost	ELA Usage	Promissory Notes/Collateral Issue
Anglo Irish	~€29.3B	~€41B	~€25.3B in promissory notes
INBS	~€5.4B	Incl. w/ Anglo	Incl. w/ Anglo
AIB	~€20.8B	Moderate	Heavy ECB usage, limited ELA
Bank of Ireland	~€4.8B	Moderate	Relied on ECB, not promissory notes
EBS	~€1.1B	Low	Absorbed by AIB

ELA Usage (Peak)

Bank reporting and Mgt

When Irish Eyes Are Crying – Vanity Fair

Nationalising the Banks is the best option – Irish Times, Opinion

Ireland should be grateful to the Honohan Brothers – Irish Independent

AIB mislead Central Bank on Bad Loans – The Irish Examiner

AIB offers goodwill payment to Ulster Bank Customers after tracker loans taken over – Irish Times, June 2024

AIB to Compensate 55,000 customers following new tracker mortgage dispute – bizbrief.ie, Sept 2025

The Right people are needed to supervise Banks The Meath Chronicle

The Governor and Company of the Bank of Ireland were fined – 24,500,000 and reprimanded by the Central Bank of Ireland for breaches pertaining to its IT service continuity framework and related internal controls failings

How the PTSB Inquiry Exposes Vulture Fund Misconduct in Ireland – Anthony Joyce & Co. Solicitors