Dáil Éireann Debate, Thursday - 30 April 2015
73. Deputy Micheál Martin asked the Minister for Finance the position regarding the fees KPMG was paid when the Irish Bank Resolution Corporation was liquidated; and if he will make a statement on the matter. [17146/15]
View answer81. Deputy Micheál Martin asked the Minister for Finance if he will provide, in tabular form, the amount of fees paid to KPMG for work it did for the Irish Bank Resolution Corporation since it was established; and if he will make a statement on the matter. [17154/15]
View answerI propose to take Questions Nos. 73 and 81 together.
I am advised that due to commercial confidentiality and sensitivities, the Special Liquidators do not propose to provide details of amounts due and paid to KPMG by Irish Bank Resolution Corporation Limited prior to the appointment of the Special Liquidators. However, any amounts owing at the date of the appointment of the Special Liquidators rank as unsecured claims.
Amounts due and payable to KPMG since the appointment of the Special Liquidators are detailed in the progress update report of 12 March 2015, which is available on the Department of Finance website at http://www.finance.gov.ie/sites/default/files/DOF_IBRC_Progress%20update%20report%20to%2031%20Dec%2014.pdf. Total fees of €76m were paid to KPMG (KPMG Special Liquidator team: €71.4m and KPMG migration team: €4.6m) to 31 December 2014.
