IBRC Liquidation

Dáil Éireann Debate, Wednesday - 10 June 2015

Wednesday, 10 June 2015

Questions (71)

Michael McGrath

Question:

71. Deputy Michael McGrath asked the Minister for Finance in view of his confirmation that his Department was in receipt of the minutes of board meetings at Irish Bank Resolution Corporation prior to the putting in place of a new relationship framework with the corporation in March 2012, the procedure that was in place within his Department for reviewing those board minutes, and for following up on any issues arising from those minutes, that raised concerns in his Department. [22649/15]

Written answers

Minister for Finance

The Shareholding Management Unit (SMU) was responsible for managing the day to day relationship with Anglo Irish Bank and subsequently with IBRC.

A senior member of the SMU was assigned as the point person for the relationship with support from other members of the team.

Upon receipt of the monthly board packs, the papers were reviewed and any matter arising from a review of these packs would have been escalated within the SMU and the Department.

The review of the board packs in conjunction with a review of other material and reports received from the bank would have formed the basis of follow up queries and meetings with the management and board of IBRC as appropriate.