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.

Central Bank says it was satisfied with disclosure levels at Anglo

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.

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