Senior Central Bank executives have held private meetings with some of the top accountancy firms in the State to demand an improvement in auditing standards of financial institutions, the Irish Examiner has learned.

Despite the liquidation of IBRC, regulators are still planning to go ahead with an investigation into Ernst & Young’s behaviour as auditor of Anglo Irish Bank

The financial regulator in Britain contacted the Central Bank over 2008 and 2009 because it was concerned about the way Quinn Insurance was underwriting business in the UK.

TOP accountancy and auditing firm Ernst & Young is facing a disciplinary hearing at an industry watchdog over claims it failed to identify rogue operations at Anglo Irish Bank.

THE Government has criticised the OECD’s move to cut its growth forecasts for the Irish economy from 1.5% to 0%.

The High Court has refused to allow accountancy firm Ernst and Young to bring a challenge to an investigation into its conduct as auditors of Anglo Irish Bank.

PUBLIC disciplinary tribunals into three bankers linked to Anglo Irish Bank have been adjourned over concerns they could prejudice any future criminal proceedings.

More than 8,500 pages of documents on scandal-hit Anglo Irish Bank have been handed over to State prosecutors by the country’s corporate watchdog.

A public disciplinary tribunal into former Anglo Irish Bank chairman Sean FitzPatrick has been adjourned amid fears that it could prejudice criminal proceedings against the banker.

THE failed Anglo Irish Bank has claimed its former chief executive David Drumm knew for at least two years that the then chairman Sean FitzPatrick, has been hiding up to €100 million of borrowings from shareholders in an Irish Nationwide account.

THE Chartered Accountants Regulatory Board Disciplinary Tribunal found that Mark Hilliard, a member of Chartered Accountants Ireland with an address at Ashfield Park, Naas, Co Kildare, acted in breach of the institute’s code of ethics for members — fundamental principles: integrity, objectivity, professional competence and due care in issuing cheques which were not honoured.

Bankers Sean FitzPatrick and David Drumm are to be hauled before an accountancy watchdog tribunal, it was revealed today.

THE chairman of Irish Life & Permanent, Gillian Bowler, has announced a number of board resignation and other key changes within the board structure.

POLITICAL and other spin doctors know how to manage a crisis. The critical factor is to hang on. They believe virtually all news media cycles are “nine-day wonders”.

An investigation into the activities at Anglo Irish Bank has been extended to include more loans received by senior executives, it was revealed this afternoon.

The Chartered Accountants Regulatory Board is widening its investigations into activities involving Anglo Irish Bank.

SEAN FitzPatrick’s Anglo Irish Bank loans are to be investigated by the man who was previously responsible for highlighting the abuse of taxpayer’s money.

NO further board or management appointments — including a new chief executive — will be made at Anglo Irish Bank before the conclusion of both the internal and external reviews of the business, which are ongoing.

THE Office of the Director of Corporate Enforcement said yesterday that its investigation into management issues at Anglo Irish Bank — which began late last year — is “ongoing”, but declined to comment on whether the probe had been extended to include other financial institutions.

A SPECIAL examiner is expected to be appointed “within the next two weeks” by the Chartered Accountants Regulatory Board (CARB) to oversee the body’s planned investigation into the role played by leading accountancy firm Ernst & Young in the directors’ loans controversy at Anglo Irish Bank.

ACCOUNTANCY firms Ernst & Young and KPMG are to be investigated by the Chartered Accountants Regulatory Board arising from issues connected to the “inappropriate directors’ loans” at Anglo Irish Bank.

THE festive Christmas break prevented proper analysis of one of the most shocking and infamous scandals ever to arise in corporate Ireland.

FINANCE Minister Brian Lenihan and the Financial Regulator have declined requests to facilitate an emergency meeting of the Oireachtas finance committee on Monday.

The chairman of Irish Life & Permanent, Gillian Bowler, has announced the appointment of Liam O’Reilly as a non-executive director.

The Institute of Chartered Accountants in Ireland (ICAI) has announced the appointment of Dr Liam O’Reilly as the first Chairman of the Chartered Accountants Regulatory Board (CARB).