Dáil Éireann Debate, Tuesday - 28 February 2012
159 Deputy Gerry Adams asked the Minister for Finance the cost to the State of the retention agreement signed between IBRC and a company (details supplied) for advice in relation to the sale of IBRC’s loan book; the cost of the contract to IBRC; the duration of the contract; and if he will make a statement on the matter. [10921/12]
Amharc ar fhreagraThe Deputy will be aware that under the Relationship Framework the Board of the bank is responsible for the day-to-day operations of the bank. The bank has retained the services of the ‘strategic advisory arm' of the Group referred to in the question. The bank has previously been requested by my Department to confirm that there is no conflict in relation to the appointment. The Deputy will appreciate that details of the terms and purpose of the bank's appointment of this advisor are commercially sensitive and it is not appropriate to disclose such information.
