Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The purpose of this question is to get a sense of the status of the liquidation of IBRC. It is almost 12 months since this House passed emergency legislation to appoint special liquidators. The truth is that we are very firmly in the dark as to how that liquidation process is going in terms of valuations and the book value of the assets. Yesterday the Minister for Finance gave some indication of how much of those assets are likely to be sold with the balance being transferred to NAMA, but I hope he will take the opportunity today to update the House on what is an extremely important liquidation of a very large State-owned institution.

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