Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

The liquidator's job under law is to recover as much value as he can for the creditors. In this case, 70% of the creditors by value are Irish taxpayers. With regard to the €60 billion or so invested across the banks, what we are trying to do is recover some of the value for the taxpayer and this is one of the key parts. That is the opening position.

The liquidator is independent under law and operates as liquidators operate. He requisitioned PricewaterhouseCoopers to provide him with a report. It is his report, not mine. As I understand he is going before the Deputy's committee, the Deputy can ask him whether he would be prepared to release the report in full or in part. He has already said there is market-sensitive information contained in it, but the Deputy could ask him to redact this information and give him the rest of it. I do not mind. As he will be before the committee, the Deputy can ask him. It is his report and he is independent under law.

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