Results 19,461-19,480 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: Neither I nor officials in my Department are aware of any other concerns regarding the sale of Siteserv other than those contained in records which were recently released under FOI and are available on the Department of Finance website.

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: A number of concerns around various matters including certain transactions were raised by my officials which are set out in records recently released under FOI and which are available on the Department of Finance website at . I would encourage the Deputy to review these records and revert with any specific questions he has on any of these matters.

Written Answers — Department of Finance: Departmental Correspondence (30 Apr 2015)

Michael Noonan: There is no record of any correspondence in my Department from Siteserv.

Written Answers — Department of Finance: Departmental Contracts (30 Apr 2015)

Michael Noonan: KPMG received no payment for work done in my Department since 2012. Two individuals from KPMG were seconded to my Department on a pro bono basis for part of 2012 and 2013.

Written Answers — Department of Finance: Ministerial Correspondence (30 Apr 2015)

Michael Noonan: There is no record in my Department of a letter being received from Davy Stockbrokers in connection with the Siteserv sale. However, in the context of responding to recent questions regarding the transaction, officials in my Department have received correspondence from Davy confirming that Davy were advising Siteserv exclusively.

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: There was a professional working relationship between my Department and senior management of IBRC at all times. Given the issues which the bank was dealing with at the time, this may not have always led to agreement on certain matters between my Department and senior management of IBRC, nor should this be expected.  I would expect healthy debate on such...

Written Answers — Department of Finance: Ministerial Dialogue (30 Apr 2015)

Michael Noonan: Neither I nor officials from my Department are aware of any specific concerns being raised with the European Commission regarding the quality of some of the managerial decisions taken at IBRC.

Written Answers — Department of Finance: IBRC Liquidation (30 Apr 2015)

Michael Noonan: There was no specific dialogue between my Department and the European Commission in relation to the appointment of the Special Liquidator to IBRC given the scale and sensitivity of that decision. It should be noted however that the European Commission, as part of the Troika, were involved in discussions regarding the restructuring of the Promissory Notes generally in the period leading...

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: Upon the receipt of critical representations following the transaction, Department of Finance officials inquired about the transaction with IBRC management as part of their regular engagement. Following initial discussions, they agreed with IBRC's Chairman and CEO (on 31 May 2012) that they would review the available information on the transaction involving Siteserv in greater detail to...

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Michael Noonan: I propose to share time with the Minister for Public Expenditure and Reform, Deputy Brendan Howlin, and the Minister of State at the Department of Agriculture, Food and the Marine, Deputy Tom Hayes. The mismanagement of the economy and the financial system by the Fianna Fáil-led Government wrecked the country. Anglo Irish Bank, more recently called IBRC, and the billions of...

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Michael Noonan: The bulk of the board was appointed by the previous Government. When the Deputy makes these allegations-----

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Michael Noonan: Deputy Martin's colleagues-----

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Michael Noonan: Of course there was a Government issue and it was difficult to ensure accountability but the law was on the side of IBRC because the law was introduced by Deputy Martin and his colleagues.

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Michael Noonan: A revised relationship framework and operational protocol, dated 29 March 2012, was introduced between me, as the Minister for Finance, and IBRC. This was a condition following Ireland's third review under the EU-IMF programme of financial support. This was a requirement for all banks who benefited from capital injections to protect the commercial basis for the banks' operations while under...

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Michael Noonan: Would Deputy Martin say that outside the House, if he is so sure of his ground?

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Michael Noonan: On 4 March 2015, I next answered a parliamentary question on the relationship framework that was in place when the sale of Siteserv took place. On 26 March 2015, I next answered three parliamentary questions on Siteserv in which I detailed meetings held between my Department and IBRC on Siteserv and also around the steps that were taken when reports of certain details around the transaction...

Sale of Siteserv: Motion [Private Members] (6 May 2015)

Michael Noonan: I will take back a little time. The review will cover transactions that resulted in a capital loss to IBRC of at least €10 million during that period or which are specifically identified by the special liquidator as likely to give rise to potential public concern, in respect of the ultimate returns to the taxpayer. Retired High Court judge, Mr. Justice larfhlaith O'Neill, will...

Written Answers — Department of Finance: Mortgage Repayments (6 May 2015)

Michael Noonan: I have been informed by AIB that for commercial confidentiality reasons the bank does not publicly disclose the details of contracts with individual external service providers. The bank manages legal fees within its commercial business requirements and operating costs.

Written Answers — Department of Finance: Fuel Laundering (6 May 2015)

Michael Noonan: I am advised by the Revenue Commissioners that, following a joint process, Revenue and HM Revenue and Customs identified a new and more effective product to mark rebated fuels in Ireland and the UK. The new marker was introduced in each jurisdiction at the end of March this year, following consultation with the oil industry, and is used to mark all gas oil and kerosene to which a reduced rate...

Written Answers — Department of Finance: IBRC Operations (6 May 2015)

Michael Noonan: Officials from my Department spoke with the Special Liquidators of IBRC to discuss the scope of the transaction review, however, matters surrounding Arthur Cox Solicitors role in acting on liquidations, receiverships and examinerships for KPMG in the period 2007 to 2015 were not discussed.