Senator David Norris' address to Seanad Eireann (the Irish Senate)

In Sept. 2007, fourteen months before Ireland's bank bailout, I resigned from my position as the Risk Manager of UniCredit Bank Ireland. I did that in order not to incriminate myself. I have spent the last 4 years seeking justice. On Feb. 23rd., 2010, I was fortunate to have Senator David Norris raise the matter in Seanad Eireann (the Irish Senate), and request a response from the Minister of Finance, Mr. Brian Lenihan. Senator Norris concluded by stating that:
"...there is ministerial responsibility in this matter. This is a grossly serious matter which has been reported to the Financial Regulator. A man has lost his job as a result. He honourably resigned. The degree of breach was 40 times the accepted margin. This is a disaster. If we are not prepared to face the issue and investigate it when it has been laid before the House, there is absolutely no hope for the financial system or its reputation worldwide...How can the Financial Regulator investigate himself? He was in breach of his responsibility."
In Nov. 2011, Emma Alberici, Europe correspondent for ABC TV, told my story as part of her documentary 'Going Rogue' which featured Nick Leeson and Sir John Vickers among other interviewees. It is ironic that at a time when the Irish tax-payer is bailing out un-secured bond holders, my story which occurred in Dublin, is deemed of interest to the Australian TV license payer. Please click on 'play video' on the following link:
VRT, Belgian state-TV, aired this interview with me on March 6th., 2013. My Interview begins in minute 27:
Het verdriet van Europa: Zeepbellen blazen (The sadness of Europe: Bursting bubbles)
VRT, Belgian state-TV, released extra footage of my interview on March 8th., 2013. (in English):

Sunday, 9 January 2011

Financial Regulator tells the Sunday Business Post about further investigation of UniCredit Ireland

Kathleen Barrington reports in today's Sunday Business Post (Sunday, 09 Jan. '11) that the Irish Financial Regulator responded to her recent queries by stating that:

"Earlier this year [2010], following queries raised by a number of sources, the Financial Regulator commissioned a third party report on liquidity issues which at our direction specifically examined allegations of persistent liquidity breaches.  This was concluded in October 2010 and confirmed an earlier supervisory assessment that a single overnight breach had occurred.   In light of the most recent reports on this matter, we have initiated a further internal review of the file to determine whether any further action is appropriate in light of a risk-based assessment of the August 2007 breach.   If any party has specific information they wish to draw to our attention in this matter it will be treated on a confidential basis. "

Really ?!? If the Financial Regulator has been so eager in recent months to  further investigate this matter in order to discover the truth, why is it that no attempt was made to contact me? Senator Norris, who raised the issue in the Seanad (Senate) last February has been in regular contact with me. Surely, had the Regulator, or the Minister of Finance, wanted to find out more details about the continuous liquidity breaches at UniCredit Ireland, they could have troubled themselves to contact me via Senator Norris? He did provide Minister Lenihan with the relevant details eleven months ago.

Did the Regulator bother asking Deputy J. Burton to get in touch with me following her question to Minister Lenihan in parliament last November? 

For someone seeking the truth, the regulator seems to be suffering from an acute lack of curiosity.

Furthermore, have these recent investigations been able to answer any of the questions that I put forward in my previous posting? The questions are available here:

I will post a link to the Business Post article as soon as it becomes available on-line. In the meantime, readers living in Ireland, please show your support for the Business Post and the Village magazine who have played an instrumental role in shedding light on the corners that the Regulator would have much-proffered to keep dark, by buying the printed versions.

PS II (12 Jan. '11)
The Sunday Business Post article is now available on-line at: