Former regulator Patrick Neary 'not alarmed' at 'secret' Quinn Anglo stake

The former financial watchdog has said he was not alarmed when one-time billionaire tycoon Sean Quinn called personally at his office and mentioned he had a secret shareholding in Anglo Irish Bank.

Patrick Neary told the fraud trial of three former Anglo executives that Mr Quinn was free to invest in Contracts for Difference (CfD) without being questioned by regulators.