Lenihan to meet Cabinet on banking crisis
The Finance Minister Brian Lenihan will today shed light on the circumstances surrounding the Irish banking crisis, when he brings two reports on the matter to Cabinet.
It is understood Brian Lenihan received the reports last week - one was completed by Central Bank Governor Patrick Honohan and the second by international experts Klaus Regling and Max Watson.
It comes amid fresh controversy on the handling of a multi-billion euro transaction from Irish Life and Permanent, which propped up Anglo Irish bank in 2008.
In an affidavit seen by the Irish Times, Former Chief Executive of Irish Life and Permanent Denis Casy claims the Department of Finance, Financial Regulator and Central Bank were aware of the move before the doomed bank published its results in December that year.
