Oireachtas Joint and Select Committees

Wednesday, 2 December 2020

4:30 pm

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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The Irish Bank Resolution Corporation, IBRC, liquidation is an old chestnut. Deputy MacSharry pursued an issue regarding the Committee of Selection and the absence of one. I note the increase from €304 million to €313 million. This is the biggest liquidation in the history of the State and the key issue for some of us is how such inadequate oversight has been overlooked. We need further information on the liquidation and the length of time that it will take, which was unclear when the delegation was here. I want to know the timeline and whether there are risk assessments on delays and further costs. I ask that we request the Department to provide all of that information.