Dáil Éireann Debate, Tuesday - 8 April 2014
42. Deputy Dara Calleary asked the Minister for Finance when he will be in a position to assess the cost to the State of the liquidation of Irish Bank Resolution Corporation; and if he will make a statement on the matter. [16177/14]
View answerI am advised by the Special Liquidators that they are unable to estimate the final cost of the liquidation at this time. There are a number of matters that remain outstanding, including the disposal of assets that were not included in the recent portfolio sales, that are likely to have an impact on the ultimate outcome of the liquidation.
I have been advised that the Special Liquidators will comply with their reporting obligations and as such the liquidation accounts will be filed with the Companies Registration Office after two years of the liquidation and yearly thereafter.
