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- Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)
Marc MacSharry: ...Question No. 133 of 11 September 2017, if he will provide copies of all minutes of meetings between his Department and the special liquidators in relation to the costs of the liquidation of IBRC since 7 February 2013; and if he will make a statement on the matter. [39534/17]
- Written Answers — Department of Finance: Government Bonds (11 Sep 2017)
Paschal Donohoe: In 2013, the Central Bank acquired eight Floating Rate Notes (FRNs) amounting to €25 billion as part of the exchange of assets on the liquidation of IBRC. The Bank intends to dispose of these assets as soon as possible, financial stability conditions permitting. The sole responsibility for decisions regarding disposals of the Floating Rate Notes rests with the Central Bank, which...
- Written Answers — Department of Finance: IBRC Liquidation (11 Sep 2017)
Marc MacSharry: 133. To ask the Minister for Finance the frequency of meetings between his Department and the special liquidators of the Irish Bank Resolution Corporation; when the last meeting took place; if regular updates are provided at such meetings on costs charged and incurred by the special liquidators; the oversight examination and decision making undertaken regarding the costs charged and incurred...
- Written Answers — Department of Finance: IBRC Expenditure (11 Sep 2017)
Marc MacSharry: 138. To ask the Minister for Finance if there has been an increase in the rates of fees charged by the special liquidators of the Irish Bank Resolution Corporation since the date of their appointment; if an increase in the rates of fees has been approved directly or by reference to NAMA fee rates; and if he will make a statement on the matter. [37608/17]
- Written Answers — Department of An Taoiseach: National Debt (26 Jul 2017)
Joe McHugh: ...contribution to Central Government debt (A) 194,463 HFA contribution to General Government debt (B) 261 Other Central Government bodies contribution to General Government Debt (C) 5,198 of which: IBRC Consolidated 698 Liabilities of Post Office Savings Bank Fund to Post Office Savings Bank 2,919 Health Service Executive and Voluntary Hospitals 127 National Oil Reserves Agency 15...
- Written Answers — Department of Finance: Departmental Contracts Data (26 Jul 2017)
Paschal Donohoe: ...any such services. N/A Investor Compensation Company N/A - The ICCL do not have any cleaning or security contracts as those services would be provided by the Central Bank under our shared services agreement. N/A Irish Bank Resolution Corporation N/A - IBRC are outside the scope of public procurement rules. N/A Irish Financial Services Appeals Tribunal Nil - IFSAT has not engaged any...
- Written Answers — Department of Finance: Departmental Expenditure (26 Jul 2017)
Paschal Donohoe: ...capital restructuring actions and other related matters with respect to the State's investments in AIB, including the recently completed IPO; the Commission of Investigation into certain transactions of IBRC; the implementation of a holding company in the Bank of Ireland group structure, and the escrow arrangements that will provide for the recovery of the alleged State Aid in the Apple...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)
.... They were not here up until 2014. They arrived here in 2014 and their first real foray into deploying much capital in Ireland was in the liquidation of the Irish Bank Resolution Corporation, IBRC. Once a fund bought a large amount of the IBRC, other international funds came in on the back of people who bought funds from IBRC and bought funds from NAMA. In any portfolio that one...
- Written Answers — Department of Finance: IBRC Liquidation (13 Jul 2017)
Michael McGrath: 136. 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. [33771/17]
- Written Answers — Department of Finance: IBRC Mortgage Loan Book (13 Jul 2017)
Michael McGrath: 149. To ask the Minister for Finance the number and overall value of a bank's (details supplied) residential mortgages sold by the special liquidator; the details of each transaction including the identity of the purchaser; and if he will make a statement on the matter. [33784/17]
- Written Answers — Department of Finance: IBRC Liquidation (13 Jul 2017)
Michael McGrath: 196. To ask the Minister for Finance the status of the special liquidation of IBRC; the portfolio that is remaining; the current estimate of the timeframe; the estimated financial outturn from the liquidation; and if he will make a statement on the matter. [34287/17]
- Written Answers — Department of An Taoiseach: Departmental Inquiries (11 Jul 2017)
Leo Varadkar: ...to politicians and related matters (Moriarty). The two Commissions of Investigation currently underway for which I am the specified Minister under the Commissions of Investigation Act 2004 are the IBRC Commission, Chaired by Mr Justice Brian Cregan, and the NAMA Commission, Chaired by Mr Justice John D Cooke.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015 (6 Jul 2017) Marc MacSharry: ...Account 2015, Vote 7 - Office of the Minister for Finance, note 6.3 refers to contingent liabilities in respect of ongoing litigation relating to the Irish Bank Resolution Corporation, IBRC, Permanent TSB, PTSB, and some third party warranties and indemnities provided in connection with the sale of Irish Life Limited, the disposal of the Bank of Ireland contingent capital notes, the...
- Written Answers — Department of Finance: Central Bank of Ireland Transactions (5 Jul 2017)
Paschal Donohoe: ...publishes information in this regard in its Annual Report. In 2013, the Bank acquired eight Floating Rate Notes amounting to €25 billion as part of the exchange of assets on the liquidation of IBRC. The Floating Rate Notes form part of the Bank’s Special Portfolio. The disposal policy for this portfolio remains unchanged, with the intention being to dispose of...
- Seanad: National Housing Co-operative Bill 2017: Second Stage (28 Jun 2017)
Michael D'Arcy: ...record. Senators O'Donnell and Humphreys spoke about the prospect that, at some stage, somebody would be allowed to purchase his or her loan at a reduced rate. We had the same conversation when we spoke about the IBRC loan book that was traded – Senator Norris was in the House for that debate. I do not know if that can be done. My personal opinion is that the matter should be...
- Written Answers — Department of Finance: Pensions Data (20 Jun 2017)
Paschal Donohoe: ...of the appointment of the Special Liquidators. Three of the schemes were wound up in the weeks following the appointment and the fourth scheme was wound up on 16 March 2016. Following the decision to wind up the remaining scheme effective from 11 March 2016, current IBRC employees were offered the opportunity to make contributions to a Personal Retirement Savings Account...
- Nomination of Taoiseach (Resumed) (14 Jun 2017)
Catherine Murphy: ...behaviour that should exemplify the rebuilding of this country. There are diverse voices in this House. I have a hope for those diverse voices. The housing crisis, whistleblowers, NAMA and the IBRC were all things that were brought to this House by diverse voices. Please do not silence us. Please do not make that the first thing you do. That would be a big mistake.
- Written Answers — Department of Finance: IBRC Liquidation (1 Jun 2017)
Michael McGrath: 78. To ask the Minister for Finance the amount he expects the State to receive from the liquidation of IBRC; when he expects the State will receive it; the use the proceeds will be put to; and if he will make a statement on the matter. [26437/17]
- 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...