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Article: FORMER financial regulator Liam O'Reilly doubled up as a director of Irish Life & Permanent and as chairman of the accountancy body investigating the controversial €8bn deposits exchange between Irish Life and Anglo Irish Bank last year. Three Irish Life directors -- Denis Casey, Peter Fitzpatrick and David Gantly -- resigned following the discovery of the interbank transactions.
- Article from:
- Sunday Independent (Dublin, Republic of Ireland)
- Article date:
- September 13, 2009
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O'Reilly headed accounts body probing his bank
FORMER financial regulator Liam O'Reilly doubled up as a director of Irish Life & Permanent and as chairman of the accountancy body investigating the controversial €8bn deposits exchange between Irish Life and Anglo Irish Bank last year. Three Irish Life directors -- Denis Casey, Peter Fitzpatrick and David Gantly -- resigned following the discovery of the interbank transactions.
Mr O'Reilly, predecessor to Paddy Neary as chief at the financial regulator, was chairman of the Chartered Accountants Regulatory Body (CARB) in March this year when its Complaints Committee decided to investigate the ...