Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

This is not a normal liquidation because taxpayers effectively own IBRC. The price is clearly factored into the voluntary commitments. If the liquidators allow bids to be made on the basis that they will be required to comply with the code of conduct, they will flush out individuals who are seeking to flip the loans on rather than comply with the code of conduct. Would it not be best practice and good governance for the liquidator, acting on behalf of taxpayers, to implement such a requirement now to bring certainty to the bidding process?