Ms Ann Nolan:

We have been in discussions with the liquidators about putting procedures in place so that they are not making decisions about their own firm, which clearly would be a conflict of interest. As Mr. Wallace pointed out, the decision not to sue KPMG was made before that firm was appointed as special liquidator. The decision was made by the independent board not the Department of Finance. We did not play a day-to-day management role in the running of IBRC before it was liquidated nor do we do so during its liquidation.