No action taken over Anglo tapes

The Central Bank has said it will not take any action arising out of the “Anglo tapes” controversy.

The inflammatory tapes, which even prompted condemnation from German Chancellor Angela Merkel, revealed attempts by former Anglo Irish Bank executives to secure support from the Central Bank in the period before the financial meltdown in Sep 2008 and the subsequent nationalisation of the bank in Jan 2009.

In one conversation captured on tape, the head of the capital markets division, John Bowe, told a colleague how he had tried to persuade the Central Bank to provide Anglo with €7bn in liquidity support.