Dáil Éireann Debate, Wednesday - 29 September 2010
489 Deputy Michael Creed asked the Minister for Finance the proposals if any he has to honour his commitment to small shareholders in Anglo Irish Bank regarding their entitlement to financial compensation; and if he will make a statement on the matter. [33318/10]
Amharc ar fhreagraAs the Deputy may be aware, the Anglo Irish Bank Corporation Act 2009 provides that I shall appoint an Assessor at an appropriate time having regard to the public interest, to determine the fair and reasonable aggregate value, if any, of the transferred shares and extinguished rights and the consequent amount of compensation, if any, that may be payable to persons in respect of Anglo shares transferred and rights extinguished under the Act.
Work on the process to appoint an Assessor is well under way in my Department and it is expected that a competitive tendering process will commence. In the near future, I would also note that in considering the appropriate approach to filling the position of Assessor I will have regard to best practice internationally on such matters.
