Skip to main content
Normal View

Banking Sector

Dáil Éireann Debate, Tuesday - 15 February 2022

Tuesday, 15 February 2022

Questions (290)

Catherine Murphy

Question:

290. Deputy Catherine Murphy asked the Minister for Finance if he has engaged with the special liquidators of the Irish Bank Resolution Corporation in respect of the formation of a company (details supplied) in the context of the changes in personnel that will follow at the special liquidators' current company; and if he has made contingency for conflicts of interest or perceived conflicts that may arise. [7673/22]

View answer

Written answers

Officials from the Department of Finance were notified of the intention of the Special Liquidators to retire as partners of KPMG with effect from April 2023.

The Department is engaging with the Special Liquidators and KPMG and has received strong assurances that there will be full continuity of service from the Special Liquidators and from KPMG to complete the special liquidation of IBRC and to achieve the maximum return for the State.

The Special Liquidators are expected to remain at KPMG until April 2023, and work has already commenced in making arrangements to ensure that the Special Liquidation will continue seamlessly after their departure from KPMG, and that any potential conflicts of interest are considered and appropriately managed.

The Department and I remain focused on the priority outcome from the Special Liquidation of IBRC, which is to maximise the ultimate return to the State and the Department will continue to actively engage with the Special Liquidators and KPMG to ensure that all efforts continue to be made to achieve this objective.

Top
Share