Finance official: IBRC was arrogant

Arrogance, a culture of ignoring damage done to the country, and a desire not to be answerable to anyone all existed in IBRC, a top official in the Department of Finance has claimed.

Senior civil servant Ann Nolan made her comments as her department was also accused of signing a “blank cheque” for an inquiry into IBRC deals, including the controversial sale of Siteserv.

The deputy head of the department said its relationship with other banks had been much more positive than with IBRC, formerly Anglo Irish Bank.