EU will place own man into Anglo to monitor wind-down

[BoyRacer]

EU will place own man into Anglo to monitor wind-down - Emmet Oliver → independent.ie/business/iris … 96191.html

A senior official – approved and reporting to the EU Commission – will ensure Anglo Irish Bank is sticking rigidly to its wind-down plan, the Irish Independent has learned.
The official shall have unlimited access to Anglo’s books, records, documents, files and locations and will send a quarterly report to the commission on whether Anglo is meeting its targets.
It is possible an entire firm could be appointed rather than just an individual. Anglo, now known as the Irish Bank Resolution Corporation, will have major interactions with the official.

there is more

[obese_cat]

How many skeletons will be found in that closet?

I guess the shredders have the work done by this point though…

[jcsmith]

I do hope that Commission official is reminded of the Criminal Justice Act 2011 which makes it a crime punishable by 5 years’ imprisonment to fail to report evidence of banking offences to the Gardai.