Dáil Éireann Debate, Tuesday - 25 February 2014
185. Deputy Michael McGrath asked the Minister for Finance if there is any performance element built in to the fees agreed with KPMG in respect of the special liquidation of Irish Bank Resolution Corporation, for example by reference to the sale of IBRC assets achieved on the open market; and if he will make a statement on the matter. [8987/14]
View answerI can confirm that there is no performance element built in to the fees agreed with KPMG in respect of the liquidation of Irish Bank Resolution Corporation. I can confirm that the original rates agreed with the Special Liquidators are commensurate with those agreed by NAMA following a tender process for insolvency services and are significantly discounted when compared to average KPMG charge out rates.
