Banking Sector Regulation

Dáil Éireann Debate, Thursday - 17 April 2014

Thursday, 17 April 2014

Ceisteanna (53)

Pearse Doherty

Ceist:

53. Deputy Pearse Doherty asked the Minister for Finance with regard to the appointment of a person (details supplied) as an independent agent by the special liquidators to examine whether KPMG should be sued for its role in auditing INBS's books, if this person has been in receipt of any employ or fees from Irish Bank Resolution Corporation since the bank's liquidation; if his attention has been drawn to any work done previously or ongoing by this person for KPMG; if he is satisfied with the independence of the special liquidator's appointment; if he provided any direction as to who should be appointed; and his views as to whether a person from outside the State should have been appointed. [18257/14]

Freagraí scríofa

Minister for Finance

Due to commercial confidentiality and sensitivities, and also client/solicitor confidentiality, the Special Liquidators do not propose to provide details of whether there was/are amounts payable by IBRC (in Special Liquidation) to the firm concerned. The Special Liquidators have given significant consideration to which firm should be appointed to carry out an independent review of the legal advice provided to IBRC, INBS and to them by McCann FitzGerald Solicitors concerning these legal proceedings. The firm appointed have confirmed that they have no conflict in relation to the matters being reviewed. The firm will be entirely independent in their review and advice and will not be subject to the direction of the Special Liquidators. I am satisfied that the matter is being dealt with appropriately by the Special Liquidators.