Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
2:40 pm
Mr. Kieran Wallace:
There would be a difference in value. One of the fundamental principles we must work by as the liquidators of IBRC, under law, is to be able to get the best price and value for IBRC’s assets. If we did not, we would be open to legal action by creditors of IBRC. Where there is any question over any impact on the value achieved, that leaves us open to legal recourse.
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