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

3:30 pm

Mr. Kieran Wallace:

The Deputy is mixing two things together. First, we have professional independent advice that if we made it a compulsory term, it would impact on value which creates an issue for us, as liquidators. Having parked that to one side, what we tried to do - and achieved yesterday evening following two weeks of discussion with the potential bidders - was to get a voluntary agreement to the commitment to comply with the CCMA.