Pearse Doherty
Question:193. Deputy Pearse Doherty asked the Minister for Finance the members of the credit committees of the special liquidators of Irish Bank Resolution Corporation. [34239/13]
View answerTuesday, 16 July 2013
Questions (193, 194, 195, 196)
Pearse Doherty
Question:194. Deputy Pearse Doherty asked the Minister for Finance the person who employs the members of the credit committees of the special liquidators at Irish Bank Resolution Corporation. [34240/13]
View answerPearse Doherty
Question:195. Deputy Pearse Doherty asked the Minister for Finance the remuneration of the members of the credit committees of the special liquidators at Irish Bank Resolution Corporation. [34241/13]
View answerPearse Doherty
Question:196. Deputy Pearse Doherty asked the Minister for Finance if he approves all decisions of the members of the credit committees of the special liquidators at Irish Bank Resolution Corporation. [34242/13]
View answerWritten answers
I propose to take Questions Nos. 193 to 196, inclusive, together.
I am advised by the Special Liquidators that for the larger regulatory group exposures, the Group Credit Committee (“GCC”) of IBRC (in Special Liquidation) decides on all credit decisions. The GCC is chaired by the Chief Risk Officer. The Local Credit Committees of IBRC (in Special Liquidation) are chaired by one of the four direct reports to the Chief Risk Officer. Quorums comprise two credit risk staff members, one business manager and one Special Liquidator nominee.
All decisions are unanimous, otherwise the proposal is withdrawn. Members of the credit committees are chosen in line with IBRC (in Special Liquidation) group policies and procedures. The Department of Finance is not represented on the Credit Committees and I do not have any role in approving the decision of the members of those committees.
I have been advised by the Special Liquidators that they cannot comment on the remuneration packages of individual staff members of IBRC (in Special Liquidation).