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IBRC Liquidation

Dáil Éireann Debate, Wednesday - 13 February 2013

Wednesday, 13 February 2013

Questions (57)

Pearse Doherty

Question:

57. Deputy Pearse Doherty asked the Minister for Finance if he will provide the number of depositors and the total amount of deposits in Irish Bank Resolution Corporation on 6 February 2013: and the number of deposits in excess of €100,000; and the overall value of such deposits and the total excess of those deposits over €100,000 each. [7724/13]

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Written answers

As the Deputy will be aware, on 5 February 2013 the Oireachtas passed legislation (Irish Bank Resolution Corporation Act 2013), appointing joint Special Liquidators to IBRC with immediate effect to wind up its business and operations.

At this early stage of the special liquidation Special Liquidators are engaged in intensive processes which involve inter alia, asserting control over the businesses, processes, systems and personnel of IBRC. It is important that focus is placed on assessing, reorganising and restructuring the day–to-day activities of the Bank to meet the primary objective of ensuring the purpose of the special liquidation is achieved, as this is key to ensuring that value is extracted from the liquidation.

As such the Bank is not in a position to provide the information requested by the Deputy.

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