Enda Kenny (Mayo, Fine Gael) | Oireachtas source

It is in those areas that the Government is committed to bringing in a number of further options.

With regard to what happened in March 2012, the board of IBRC met and approved the sale of Siteserv - Deputy Martin did not mention it by name, but that is probably one of the cases he was talking about. Under the relationship framework at the time between the Minister for Finance and the bank, which had been in place since July 2009, the board of IBRC was required to engage with the Minister for Finance on certain key issues, which included any material acquisitions, disposals, investments, realisations or other transactions, other than in the ordinary course of Anglo Irish Bank's banking business.

It should be noted, however, that that framework did not include any specific monetary thresholds which would trigger a compulsory or mandatory consultation with the Minister for Finance.

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