Business Irish

Thursday 2 October 2014

Government calls on banks to keep official tape recordings

Published 26/08/2013 | 18:35

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THE country’s banks have been asked to hold onto official tape recordings dating from before the financial crash and the government guarantee.

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In letters obtained by TV3 under the Freedom of Information Act, Minister for Finance Michael Noonan has requested that various financial institutions hold on to any tapes for use as part of the nation’s banking inquiry.

 

Mr Noonan that some recordings preceding the banking guarantees may prove essential to the investigation. 

 

The Anglo Tapes, as revealed by the Irish Independent earlier this summer, stunned the nation by revealing some of the thought processes of some leading bankers.

 

In response to the minister’s letter, both Irish Life and PTSB have returned with a promise to preserve any recordings required for further investigation.

 

Bank of Ireland’s reply was slightly different in that it ‘noted the reminder’ and would hold on to any tapes that they ‘reasonably believed’ would prove useful for the inquiry.

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