Tuesday, 12 March 2013

Questions (173)

Pearse Doherty

Question:

173. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No.63 of 27 February 2013, if he will provide an assessment of KPMG’s capabilities in disposing of the Irish Bank Resolution Corporation mortgage loan book. [12627/13]

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Written answers (Question to Finance)

Kieran Wallace and Eamonn Richardson of KPMG have been appointed as Special Liquidators to IBRC. I am satisfied that each person appointed as Special liquidator has the appropriate level of skill, knowledge and qualifications required to perform the functions of a Special Liquidator pursuant to the Irish Bank Resolution Corporation Act 2013. The Special Liquidators are still in the process of devising and implementing a sales process in respect of IBRC’s assets including the mortgage portfolio. Once this is devised I am advised that the Special Liquidators will be appointing independent sales advisors to manage the sales process. This process will be overseen by the Special Liquidators to ensure that deadlines are being met and that the best value is achieved.