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Strategic Banking Corporation of Ireland

Dáil Éireann Debate, Wednesday - 13 May 2020

Wednesday, 13 May 2020

Questions (51)

Catherine Murphy

Question:

51. Deputy Catherine Murphy asked the Minister for Finance the reason a company (details supplied) was awarded a €120,000 contract in May 2019 to carry out an external review of the SBCI operation in view of the fact over €300 million of SBCI funding facilities were awarded to clients of the company; and if he will make a statement on the matter. [4133/20]

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Written answers

Ernst and Young (EY) was appointed to undertake the external review of the SBCI following a competitive tender process. A request for tender was published on 08/01/2019 on eTenders, the Irish Government’s electronic tendering platform, inviting tenderers to submit a tender for the provision of these services. EY was the successful tenderer following a robust tender process which included a requirement for the successful tenderer to confirm they had no actual or potential conflicts of interest.

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