Accountancy Age, Accountancy Age, Friday 8 October 2010 at 10:07:00

Whistle blower to receive apology for treatment after reporting troubles atAllied Irish Bank


An internal auditor at Allied Irish Bank (AIB) is set to receive an apologyfrom the Irish Republic's Financial Regulator because of the treatment hereceived when reporting problems at the bank.

The IrishIndependentreports that Eugene McErlean will receive the apology from Matthew Elderfield,head of financial regulation at the Central Bank of Ireland.

McErlean, group internal auditor at AIB,reported problems at the bank in 2001and 2002 but claims the regulators failed to act.

The whistleblowing related to overcharging at the bank. McErlean was removedfrom his post at AIB in 2002 at roughly the same time as he was in discussionswith the regulator.