Mary Lou McDonald
Question:111. Deputy Mary Lou McDonald asked the Taoiseach the cost of the Commission of Investigation into Irish Bank Resolution Corporation. [38527/17]
View answerWednesday, 20 September 2017
Questions (111, 116)
Micheál Martin
Question:116. Deputy Micheál Martin asked the Taoiseach if he will provide an update on the status of the IBRC inquiry. [39097/17]
View answerWritten answers
I propose to take Questions Nos. 111 and 116 together.
The IBRC Commission was established on 16 June 2015 under the Commission of Investigation (Irish Bank Resolution Corporation) Order 2015. Mr. Justice Brian Cregan, a judge of the High Court, is the Commission's sole member. The timeframe for the final report on the first module of its work, in relation to the Siteserv transaction, is the end of December 2017.
The Commission spent €2,389,983 million up to 7 September 2017. The Commission also indicated in its Interim Report dated 15 April 2016 that significant third party costs had been incurred which are likely to arise for payment in due course.
The Dail was informed in July 2016, when the Commission's terms of reference were revised, that the Commission had provided a provisional estimated final cost of in excess of €10 million.