Bruton says tapes are a reminder of failures of the past
JOBS Minister Richard Bruton has said that the release of the Anglo tapes is a reminder of the failures of the past.
He was commenting on the Irish Independent's revelation of tape recordings which show how Anglo Irish Bank's top executives lied to the Government about the true extent of losses at the institution.
Mr Burton supported the comments by Taoiseach Enda Kenny about understanding the rage and anger that people felt when listening to the tapes.
"It is a reminder of the failures that occurred. Clearly there is a belief that we need an inquiry," he said.
Mr Burton said that the inquiries legislation going through the Dail at the moment would allow for a banking inquiry. But he pointed out that it would have to work within the limits set down by court rulings.
"Any inquiry has to work within the constraints that are allowed and that will be the approach that will have to be taken," he said.
Mr Bruton was speaking in the East Point Business Park in Dublin at the announcement of a joint Government-industry task force on "Big Data" - the gathering and analysing of massive amounts of data to generate useful findings.
For example, insurance companies are using "Big Data" tools to detect fraud in their insurance claims - and to get a better idea of how to price their insurance policies.