Central Bank says it was satisfied with disclosure levels at Anglo

The Central Bank has signalled its satisfaction with disclosure levels at Anglo Irish Bank when it pitched a €30bn bond offer while simultaneously trying to secretly "dribble" Seán Quinn’s stake on to the market.

On May 23, 2008, then financial regulator Patrick Neary approved a €30bn bond prospectus for Anglo to present to the stock market.

This included a detailed discussion on risks facing the bank and the parties that controlled its shares. It said no individual shareholder had a controlling stake either directly or indirectly in its group.