Enda Kenny (Mayo, Fine Gael) | Oireachtas source

-----including the decision to allow Siteserv to control the sales process. As I said, following the meeting the Minister for Finance requested that a further meeting take place between the former Secretary General of the Department of Finance, Mr. Moran, and the then CEO of IBRC. A further meeting took place in August 2012. The matter was further discussed. At that point with regard to all of the issues I have raised, the transaction had been concluded, notwithstanding the fact that a revised relationship framework and operational protocol had been put in place in March 2012. It was decided following that agreement that a senior official would be appointed from the Department of Finance, making it mandatory that the Minister would be notified of any significant transaction in the wind-up of IBRC. This had the additional benefit of supporting the management team while providing a greater sense of oversight. There was a long relationship between IBRC and the Department of Finance, and the late Minister introduced a relationship framework back in 2009. Essential to that was that a commitment was made that the Department of Finance would not interfere in any commercial decisions IBRC made.

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