Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

I thank the Cathaoirleach.

We all knew both the IBRC and NAMA would be wound down at some point. We are talking about the circumstances which allowed that to happen. I always take issue with the term "profit". If the loans were transferred to NAMA at par value, you would be talking about profit, but when talking about loans handed over with a very significant haircut, the word "surplus" is certainly the more appropriate one. I do not believe anybody could argue a profit was made given that it was not par value.

There were some faults. According to the legislation we are talking about, the records will be handed over to the NTMA. Will there be any access to those records? What is the timeline relating to their being placed in the National Archives? Is it a question of the completion date for the IBRC and NAMA or the commencement date? Is there a rolling programme in terms of records?

Reference was made to the records of NAMA. I presume the same would apply to the IBRC. There was a special liquidation; there has been a double series. Can Mr. Carville tell me how the records for both will be handled? Regarding the IBRC, there was a commission of investigation, with only one transaction investigated. There were many others on the list. I remember getting a very heavily redacted document that stated a number of very large transactions were poorly prosecuted. What is the possibility of those records being examined by scholars, journalists, and members of the public? What timeframe are we talking about? Maybe I could ask a second question when Mr. Carville has responded.