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Dáil Order of Business 20th April- Bank Auditors

20th April 2011 - Senator Anthony Lawlor

Given that banks’ external auditors should have a key reassurance role at the heart of the financial reporting system, that they had a privileged position which provided exceptional access to bank information and that the audit report had limited constructive value as a means of communicating the banks’ problems, would the Taoiseach consider improving the existing rules and regulations in regard to the proposed Central Bank Bill to conform to a more watchdog approach to the role of the banks?

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