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Office of the Director of Corporate Enforcement: Statements (25 May 2017) See 1 other result from this debate

Catherine Murphy: ...and renew public and international confidence in Ireland as a place in which to do business - not dodgy business but clean and honest business. When I was dealing with the Siteserv issue and the IBRC debacle, I was contacted by a remarkable number of people from the business world. What they wanted was to be able to operate in a country that was a fair and honest place in which to do...

Seanad: Commission of Investigation (National Asset Management Agency) Order 2017: Motion (24 May 2017)

Paul Kehoe: ...the commission will become clearer once the commission is established and begins to scope out its work in more detail. Based on an initial assessment and taking account of the cost estimate for the Irish Bank Resolution Corporation, IBRC, commission to investigate one transaction, an approximate cost of €10 million is proposed. This may be an overestimate if the commission does...

Commission of Investigation (National Asset Management Agency) Order 2017: Motion (23 May 2017) See 3 other results from this debate

Mick Wallace: ...and Auditor General could not comment on the commercial aspect of NAMA's disposal strategy and nor could the Committee of Public Accounts. It is therefore important for this to be examined. The wording "commercially sound" comes from the IBRC commission, which is examining if the transactions in question stand up to commercial scrutiny. In paragraph (d) we have added in that all NAMA's...

Written Answers — Department of Finance: IBRC Liquidation (23 May 2017)

Billy Kelleher: 180. To ask the Minister for Finance if tendering or procurement was required for companies or persons hired to assist with the liquidation of IBRC, Irish Bank Resolution Corporation, such as in accounting, legal matters and so on; the companies or persons hired through this process; and if he will make a statement on the matter. [24098/17]

Written Answers — Department of Finance: Stamp Duty (18 May 2017)

Clare Daly: 81. To ask the Minister for Finance the amount of stamp duty paid by a company (details supplied) for the 7,000 loans if bought from IBRC. [23623/17]

Written Answers — Department of Finance: NAMA Investigations (11 May 2017)

Michael Noonan: ...I expressed. It is important to place these comments in the context of what was happening more broadly at the time. Ireland's debt to GDP was around 120%, excluding the State's contingent liabilities relating to NAMA and IBRC. NAMA had achieved the major milestone of redeeming €7.5bn of its government guaranteed senior debt by YE2013 and had issued an additional €12.9bn of...

Written Answers — Department of Finance: IBRC Liquidation (11 Apr 2017)

Pearse Doherty: ...the way customers that may be eligible for redress as part of the tracker mortgage review will be treated in terms of a hierarchy in the liquidation process with regard to the liquidation of IBRC; and if he will make a statement on the matter. [17660/17]

Written Answers — Department of Finance: Public Interest Directors Data (6 Apr 2017)

Michael Noonan: ...Jun-11 €37,500 €29,000 €14,500 Ann Riordan Jan-09 Jun-11 €37,500 €29,000 €15,600 INBS Adrian Kearns Jan-09 Jun-11 €55,000 €36,000 €18,000 Rory O'Ferrall Jan-09 Jun-11 €55,000 €36,000 €18,000 *IBRC did not appoint any public interest directors under the terms of the Government Guarantee Scheme since...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017) See 5 other results from this debate

Pearse Doherty: ...are the consumer voices on the steering group and make them accessible to their customers? On the 15 institutions which are part of the review, there are 29,000 cases which are being reviewed by IBRC. It does not know how many people will be affected. Is IBRC behind the curve with its review? Will it get additional time or leeway as a result? What is the impact of loans sold on by...

Written Answers — Department of Finance: NAMA Operations (4 Apr 2017)

Michael Noonan: Given that the Comptroller and Auditor General and his office have no dealings with the banks in which the State has investments or with IBRC, I am assuming that the Deputy is querying whether the Comptroller and Auditor General has raised concerns regarding the issues associated with IAS 39 with respect to NAMA and I am answering the question on that basis.  IAS 39 is the current...

Written Answers — Department of Finance: Tracker Mortgages (30 Mar 2017) See 4 other results from this answer

Pearse Doherty: 130. To ask the Minister for Finance the number of customers of a bank (details supplied) who have been identified by the IBRC liquidators as having possibly been affected by the tracker mortgage scandal. [15807/17]

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Mick Wallace: ...NAMA's Project Eagle and it is right. That was not the first time this happened. At the same time as the NAMA Northern Ireland loan sale was going on, the liquidator for the Irish Bank Resolution Corporation, IBRC, was in the process of selling Project Sand, which comprised 12,700 Irish residential mortgages from the former Irish Nationwide Building Society with a par value of...

Written Answers — Department of Finance: Bank Guarantee Scheme Data (21 Mar 2017)

Michael Noonan: The information requested by the Deputy is set out in the table: Bank Commencement date Amount at commencement Maximum amount of guarantee Expiry date Amount at expiration Anglo/IBRC Sept 2010 €10bn €37bn (Feb 2011) Feb 2013 €16bn AIB Nov 2010 €5bn €15bn (Dec 2010 to Apr 2011) Jan 2013 €1m BOI Dec 2010 €10bn...

Written Answers — Department of Finance: Departmental Legal Costs (21 Mar 2017)

Michael Noonan: ...,304.00 State Aid See across Philip Baker (Queen's Counsel) €151,691.00 Documentary counsel See across Sarah-Jane Hillery (Discovery Counsel) €9,997.00 Documentary counsel See across Silvia Martinez (Discovery Counsel) €21,842.00 Capital restructuring and other related matters in relation to the State's investment in AIB (recoupable) William Fry Legal firm engaged...

Ceisteanna - Questions: Commissions of Inquiry (8 Mar 2017) See 2 other results from this debate

Enda Kenny: ...the Commissions of Investigation Act 2004, are the Fennelly commission, which was established in April 2014 and is chaired by Mr. Justice Nial Fennelly, and the Irish Bank Resolution Corporation, IBRC, commission, which was established in June 2015 and is chaired by Mr. Justice Brian Cregan. The commissions are independent in the performance of their functions and it would not be...

Written Answers — Department of Justice and Equality: Legislative Process RIA (2 Mar 2017)

Frances Fitzgerald: ...2016 08 December 2016 Yes Judicial Appointment Commission Bill 2016 06 December 2016 Yes Criminal Justice (Suspended Sentences of Imprisonment) Bill 2016 22 July 2016 No Commission of Investigation (IBRC) Bill 2016 29 June 2016 No Proceeds of Crime (Amendment) Bill 28 June 2016 No General Scheme for the Equality/Disability (Miscellaneous Provisions) Bill 01 March 2016 Yes Criminal...

Other Questions: State Banking Sector Regulation (28 Feb 2017)

Pearse Doherty: ...is not credible. The Minister may be able to fool the people who have not studied this matter but we know the directions he has issued to NAMA. We know, for example, that he directed NAMA to hold the IBRC loan and that he has given similar directions on numerous other occasions. The Minister can have a commercial role in regard to NAMA and he can issue directions to NAMA but he refuses...

Written Answers — Department of Finance: NAMA Property Sales (28 Feb 2017)

Michael Noonan: ...of Housing website at www.housing.gov.ie/housing/construction-2020-strategy/dublin -housing-supply-task-force/housing-supply-coordination-task. More generally, I would point out that Ireland would not be recovering the way it is if the Irish banks, NAMA and IBRC had not progressed their sales strategies in the manner they have done.  It has only been through the...

Written Answers — Department of Finance: IBRC Liquidation (28 Feb 2017)

Niamh Smyth: 181. To ask the Minister for Finance the status of mediation between persons (details supplied) and the special liquidators of a bank; if this mediation is ongoing; if his attention has been drawn to the next step in this matter; the mandate which has been conveyed to those negotiating on the State's behalf; the amount of legal and recovery costs already incurred by the special liquidator on...

Written Answers — Department of Finance: IBRC Liquidation (23 Feb 2017)

Michael McGrath: 142. To ask the Minister for Finance when he expects to receive an interim and final dividend from the special liquidator of IBRC; the amount of the expected dividend; and if he will make a statement on the matter. [9342/17]

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