Dáil Éireann Debate, Monday - 11 September 2017
136. Deputy Marc MacSharry asked the Minister for Finance if he will furnish a copy of the contract between his Department and the special liquidators of the Irish Bank Resolution Corporation; and if he will make a statement on the matter. [37606/17]
View answer137. Deputy Marc MacSharry asked the Minister for Finance if he will furnish a copy of the indemnity provided by his Department to the special liquidators of the Irish Bank Resolution Corporation as part of the conduct of the liquidation of the Irish Bank Resolution Corporation and correspondence relating thereto; and if he will make a statement on the matter. [37607/17]
View answerI propose to take Questions Nos. 136 and 137 together.
In February 2013 Kieran Wallace and Eamonn Richardson of KPMG were appointed on foot of the Special Liquidation Order by the then Minister for Finance as Special Liquidators of IBRC and were tasked with managing the winding-up of the institution. This process is ongoing. The Special Liquidators are obliged to comply with the instructions given to them by the Minister for Finance and act in the interests of the taxpayer under the provisions of the IBRC Act. The primary set of instructions were issued to the Special Liquidators on 7 February 2013 and they set out details in respect of the manner in which the winding up of IBRC was to proceed. A copy of this instruction can be accessed at the following link: http://opac.oireachtas.ie/AWData/Library3/FINdocslaid08022013_143303.pdf. Further Ministerial instructions relevant to the liquidation of IBRC were issued on 10 May 2013, on 20 July 2013 and on 24 April 2014. Copies of these Ministerial Instructions were laid before the Houses and can also be found online on the Oireachtas library database.
I am advised that the specific correspondence and documentation sought by the Deputy in relation to the Special Liquidation of IBRC contains conmmercially sensitive information given the ongoing nature of the liquidation so I am therefore not in a position to publish such records at this time.
