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Bank Guarantee Scheme

Dáil Éireann Debate, Wednesday - 29 February 2012

Wednesday, 29 February 2012

Ceisteanna (50)

Pearse Doherty

Ceist:

52 Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Questions Nos. 57, 58, 59 of 28 September 2011, in which he states that he proposed to and secured agreement from ECB President Trichet and European Commissioner Rehn for meetings of technical experts to examine the technical aspects of the Anglo Irish Bank promissory notes, if he will confirm who is leading the discussions for his Department; the number of persons on his Department’s team in these discussions; the details of these persons including their positions in his Department; if any of the team have been brought in from outside bodies or companies; if so, the cost; the number of meetings that have taken place to date, the number, with whom and on what dates these meetings took place; the number of further meetings that are scheduled to take place up to 31 March 2012; and if he will make a statement on the matter. [11807/12]

Amharc ar fhreagra

Freagraí scríofa

Currently, the Banking Division of my Department, the NTMA and the Central bank are working on this technical review. This group is being supported by McKinsey and Company which is advising my Department. The deputy will appreciate it is not appropriate for commercial reasons to disclose details of the specific arrangement with the company. These resources are sufficient to progress the technical review and examination at this point. The Deputy will also appreciate that it is not appropriate to disclose details of those involved in this review. At an appropriate time it may be necessary to supplement these resources once the final shape of any solution is better defined, so that the outcome for the State is optimised.

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