State Banking Sector

Dáil Éireann Debate, Wednesday - 22 February 2012

Wednesday, 22 February 2012

Questions (25)

Pádraig Mac Lochlainn

Question:

25 Deputy Pádraig Mac Lochlainn asked the Minister for Finance if he will report on the way information regarding the existence of a retention agreement between Irish Bank Resolution Corporation and a company (details supplied) came to be in the public domain; if he authorised the release of such information; if his attention has been drawn to the fact that it has been released to the media; and if he will make a statement on the matter. [9960/12]

Written answers

Minister for Finance (Deputy Michael Noonan)

The Deputy will be aware that under the Relationship Framework the Board of the bank is responsible for the day to day operations of the bank. The existence of a retention agreement between IBRC and the company referred to in the question came to be in the public domain firstly, as far as I am aware, through a Parliamentary Question asked by Deputy Adams on Thursday 9th February. The Bank subsequently responded to media queries on the matter.