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Written Answers — Department of Finance: EU-IMF Programme of Support (14 Jan 2016)

Michael Noonan: ...the EU facilities, extensions of maturities. While not part of the EU-IMF Programme we have also negotiated the replacement of the Promissory Notes issued to the Irish Bank Resolution Corporation (IBRC) with a series of longer term, non-amortising floating rate Government bonds. In addition, we made an early repayment of the vast bulk of Ireland's IMF programme loans which...

Shannon River Agency Bill 2016: First Stage (13 Jan 2016)

Robert Troy: ...argued this legislation would take too long and that the Shannon co-ordination group would suffice. I remind the Taoiseach that we sat here one morning until 5 a.m. to debate the liquidation of the IBRC. This is an emergency and if there were a political will to introduce legislation, it could be done. I thank the many people who worked voluntarily. If it were not for the voluntary...

Order of Business (13 Jan 2016) See 3 other results from this debate

Enda Kenny: ...on the Irish Bank Resolution Corporation, I wrote to Deputy Martin and the other leaders with a proposition for a possible approach to legislation to address issues relating to the work of the IBRC commission. This followed a request and a set of propositions from Mr. Justice Cregan. One of those propositions was to extend of the timeframe of the commission until the end of April 2016....

Written Answers — Department of Finance: Financial Institutions Support Scheme (13 Jan 2016)

Michael Noonan: ....7 94.8 9.7 23.8 0.020 476.52 2010 14.8 68.3 58.3 54.9 5.9 8.8 0.015 211.01 2011 - - - 0.7 - - - .70 Total 50.2 238.7 233.0 188.3 15.6 32.6 0.039 758.43 ELG fees paid to Q3 2015 by Participating Institutions €millions IL&P BoI AIB IBRC EBS Total 2010 95.9 275.5 299.3 149.9 34.2 854.8 2011 172.9 448.7 464.9 85.5 62.6 1234.6 2012 165.2 375.4 332 23.9 54.7 951.2 2013...

Written Answers — Department of Finance: IBRC Operations (13 Jan 2016)

Michael McGrath: 225. To ask the Minister for Finance the estimate of the surplus the Irish Bank Resolution Corporation special liquidator expects the IBRC to make by the time of its wind-up; and if he will make a statement on the matter. [1071/16]

Written Answers — Department of Finance: IBRC Liquidation (17 Dec 2015)

Michael McGrath: 110. To ask the Minister for Finance the cost incurred by the Irish Bank Resolution Corporation in respect of the work of the commission of investigation into certain transactions at the corporation; and if he will make a statement on the matter. [45665/15]

Planning and Development (Amendment) Bill 2015 [Seanad]: Committee and Remaining Stages (16 Dec 2015)

Peter Mathews: ...the Minister of State remember what is in the drawer of Professor Phillip Lane, which was previously that of Professor Honohan? There is €25 billion outstanding of promissory bonds. The big trick was to liquidate IBRC in February 2013, which Deputy Wallace is very familiar with. The promissory note which was then about €28 billion was converted into €28 billion of...

Order of Business (16 Dec 2015) See 1 other result from this debate

Micheál Martin: Yesterday the Taoiseach met the leaders of the political parties in the House and promised to produce the heads of a Bill before the resumption of the Dáil in January to deal with the IBRC issue and the investigation by Mr. Justice Cregan into Siteserv and other large transactions involving IBRC. What emerged yesterday was the degree to which the Government had dragged its feet on the...

Bankruptcy (Amendment) Bill 2015: Second Stage (15 Dec 2015)

Peter Mathews: ...whatsoever. It has zero validity. If anyone thinks there is a validity to it, let them show it, because there is not. It is the losses of two private banks, namely, Irish Nationwide Building Society and Anglo Irish Bank-IBRC. We hear people talking about bankruptcy and shame. There is no shame. It is a fact. If people do not have the assets to discharge their liabilities, that is...

Written Answers — Department of Finance: IBRC Liquidation (15 Dec 2015)

John McGuinness: 156. To ask the Minister for Finance if the Irish Banking Resolution Corporation was fully tax compliant, with all taxes due paid and up to date at the time of the appointment of the special liquidator; and if he will make a statement on the matter. [45183/15]

Establishment of Independent Anti-Corruption Agency: Motion (Resumed) [Private Members] (9 Dec 2015)

Stephen Donnelly: ...and cartel behaviour but it does not have the resources to investigate them. Judge Cregan recently reported that he had neither the power nor the resources required to investigate the large IBRC transactions he was asked to examine. Nowhere is the fragmented nature of the State's response to corruption better illustrated than in the Government's amendment. Last night, the Minister of...

Seanad: Order of Business (9 Dec 2015)

James Heffernan: ...NAMA for local government, and if one saw the deals that were done in acquiring those sites one would draw some very interesting conclusions. From issues relating to Anglo Irish Bank, which has become IBRC, to the sale of Siteserv and NAMA properties, one can see that it is rotten. Some parties are decrying it when they have been complicit in it for many years. Some of the more newer...

Establishment of Independent Anti-Corruption Agency: Motion [Private Members] (8 Dec 2015)

Catherine Murphy: ...refusing to acknowledge the housing emergency, has seen fit to implement emergency public procurement measures which ensure that information regarding the tendering process is restricted. The removal of oversight is exactly the kind of thing that makes people livid and destroys trust in our systems. When I pursued issues surrounding IBRC, the Cregan inquiry was established and every...

Order of Business (8 Dec 2015) See 2 other results from this debate

Enda Kenny: ...to see whether it might be possible to have a debate or some comments in respect of the Paris COP21 discussions. I look forward to meeting Deputy Adams, Deputy Martin and others on the IBRC. On the criminal justice (Stormont House Agreement) (Implementation) Bill, Seamus Ludlow, God rest him, is not the only one who has been involved here. Let us see how the North-South ministerial...

Leaders' Questions (8 Dec 2015)

Catherine Murphy: ...the toxic political culture. Things have not changed and we saw that last night. The Taoiseach wrote to me last Friday regarding the problems with the Cregan inquiry, the investigation into IBRC and transactions involving Siteserv and Topaz, which was in the news recently. With respect, the letter appears to kick these issues to touch given that the measures require emergency...

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: ...Department of Public Expenditure and Reform, regarding commissions of investigations. This is to be noted and published. This matter is relevant to today’s meeting when the Cregan inquiry into IBRC can be raised. No. 3A.4, correspondence, dated 27 November 2015, received from NAMA, regarding submission to the Northern Ireland Assembly Committee for Finance personnel. This is...

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014 (3 Dec 2015) See 4 other results from this debate

...owed by all Government bodies to third parties outside government. The ratio of general Government debt to GDP declined to 108% at the end of 2014 from its peak level of 120% at the end of 2013. This reduction was due to a combination of strong GDP growth and a reduction in the liabilities of IBRC in the course of its liquidation. The main component of Ireland’s general...

Written Answers — Department of Finance: Departmental Agencies Staff Remuneration (3 Dec 2015)

Michael Noonan: ...made to any Council member in 2014 or 2015 Nil Nil Nil Nil Nil Nil Investor Compensation Company Limited No retention or bonus payments made to ICCL staff in 2014 or2015 Nil Nil Nil Nil Nil Nil Irish Bank Resolution Corporation Not applicable to IBRC (in special liquidation) Nil Nil Nil Nil Nil Nil Irish Financial Services Appeals Tribunal No staff  Nil Nil Nil Nil Nil...

Rent Certainty and Prevention of Homelessness Bill 2015: Second Stage (Resumed) [Private Members] (2 Dec 2015)

Brian Stanley: ...cost and would require a significant outlay for what is being hailed as a temporary solution. We have the scandalous situation where a substantial number of properties are still on the books of NAMA and the IBRC. The properties could be provided and work could be completed on them for a fraction of the proposed cost of the modular housing. That would be far better than throwing money...

Seanad: Planning and Development (Amendment) Bill 2015: Second Stage (2 Dec 2015)

Marc MacSharry: ...of Health and Social Protection, and hundreds of millions will come back in. That money could be used to purchase compulsorily the housing stock that underlies the security on loans sold by IBRC to Mars Capital and Pepper. They would have paid a knock-down rate for them so they could be made the subject of a compulsory purchase order, CPO, at an appropriate level and this would provide...