IBRC Liquidation

Dáil Éireann Debate, Wednesday - 20 February 2013

Wednesday, 20 February 2013

Ceisteanna (104)

Pearse Doherty

Ceist:

104. Deputy Pearse Doherty asked the Minister for Finance his views on the potential conflict in the special liquidator of Irish Bank Resolution Corporation, KPMG being responsible for considering the feasibility of outstanding litigation against competing business and former auditor of Anglo Irish Bank, Ernst and Young; and if he will outline the safeguards that exists to prevent a conflict of interest in respect of consideration of this litigation. [9231/13]

Freagraí scríofa

Minister for Finance

IBRC’s claims against third parties are unaffected by the liquidation. The Special Liquidators will have the power to continue to manage any IBRC claims that currently exist and will have the ability to assert further claims where they arise. The special liquidators ensure that all potential conflicts of interest identified are fully considered. The special liquidators do not believe that continuing litigation previously in process represents a conflict of interest.