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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023) See 1 other result from this debate

John McGuinness: ...financial advisory division, SFAD, allocation is to cover the cost of the restructure of the banking system related to litigation which remains ongoing. What litigation? Is it to do with Anglo, IBRC or what?

Written Answers — Department of Finance: Banking Sector (13 Dec 2022)

Paschal Donohoe: The IBRC Ninth Progress Update report was published on 9 September 2022 and provides information on costs incurred in the special liquidation to date, with cost information also provided by workstream and by time period. I am advised by the Special Liquidators that they are precluded from providing the details sought in relation to individual assets, as this is commercially sensitive...

Written Answers — Department of Finance: National Asset Management Agency (13 Dec 2022) See 4 other results from this answer

Catherine Murphy: 245. To ask the Minister for Finance if he will provide a schedule of transactions and-or auctions that a company (details supplied) was involved in, in respect of IBRC's holding of National Asset Management Agency, NAMA, junior bonds in 2014 and 2015. [61970/22]

Written Answers — Department of Finance: Banking Sector (8 Dec 2022) See 1 other result from this answer

Paschal Donohoe: ...bill that relates to the borrowing undertaken to re-capitalise the banks. That said, it is possible to identify borrowing undertaken specifically to deal with the re-capitalisation costs of IBRC. Most notably, €25bn of Floating Rate Notes (FRNs) were issued in February 2013 at the time of the liquidation of IBRC.  The FRNs pay interest every six months (June and December) based...

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund (17 Nov 2022) See 13 other results from this debate

Brian Stanley: ...The Department has also been advised that the committee may also wish the examine the following during the meeting: expenditure relating to the liquidation of the Irish Bank Resolution Corporation, IBRC; the funding of superannuation liabilities at the Financial Services and Pensions Ombudsman, FSPO; exceptional payments made from the Central Fund to the European Union arising from an...

Public Accounts Committee: Business of Committee (27 Oct 2022)

Catherine Murphy: ...people with deep pockets who are being inquired into, it can be problematic. It is not all like with like when it comes to looking at inquiries. However, the Irish Bank Resolution Corporation, IBRC, one, for example, was not under the commission of investigations heading. There was bespoke legislation and we need to have a look at how that ended up being a tribunal behind closed doors,...

Seanad: An tOrd Gnó - Order of Business (12 Oct 2022)

Regina Doherty: ...Ildefonso Castro for coming to the Seanad and for his service to Ireland; I wish him continued success. The Order of Business is No. 1, statements on the report of the Commission of Investigation (IBRC) on the transaction in relation to Siteserv, to be taken at 2 p.m., to conclude at 2.30 p.m., if not previously concluded, with the time allocated to the opening remarks of the Minister not...

Report of Commission of Investigation (IBRC) into Siteserv Transaction: Statements (12 Oct 2022)

Ceisteanna - Questions: Commissions of Investigation (11 Oct 2022) See 7 other results from this debate

Catherine Murphy: ..., enormous detail is evident. What does the Taoiseach expect from the various entities to which he refers? Does he expect Revenue, the Corporate Enforcement Authority or the special liquidator of IBRC to come back to him? Is there a response? It would be obscene if those who got bonuses and who so tainted the process were permitted to keep them. Is that something the special...

Written Answers — Department of Finance: Civil Service (11 Oct 2022)

Paschal Donohoe: On 7 September, the Taoiseach published the Final Report of the Commission of Investigation (IBRC) on the transaction in relation to Siteserv and the principles and policies within IBRC on interest rates. This extensive report outlined the transaction, makes various adverse findings against individuals and made various recommendations. The Code of Standards and Behaviour for the Irish...

Written Answers — Department of Finance: Commissions of Investigation (22 Sep 2022) See 1 other result from this answer

Gerald Nash: 130. To ask the Minister for Finance if he is concerned by the recent findings of the Report of the Commission of Investigation IBRC that a senior official at his Department made an unauthorised disclosure of confidential information regarding the sale process for an organisation (details supplied); if he believes that it is appropriate that the same official now represents the State’s...

Written Answers — Department of An Taoiseach: Commissions of Investigation (21 Sep 2022)

Micheál Martin: I arranged for the report of the Irish Bank Resolution Corporation (IBRC) Commission of Investigation to be published and laid before the Houses of the Oireachtas on 7 September 2022. Among the many findings made by the Commission in the report, it determined that the Bank might, subject to certain assumptions which are set out in the report, have recovered up to €8.7 million more...

An Bord Pleanála: Statements (15 Sep 2022) See 1 other result from this debate

Catherine Connolly: ...a brief contribution. It is an extraordinary week. Yesterday we had the report on Siteserv discussed here and we saw what went on between the two angels, the Irish Bank Resolution Corporation, IBRC, and Mr. O'Brien. In between we had the villains and we heard how they were just allowed to do exactly what they wanted. Here we are looking at An Bord Pleanála a week after the first...

Public Accounts Committee: Business of Committee (15 Sep 2022)

Brian Stanley: ...;30 million. I only caught the headline figures on this, but the main finding was that the maximum potential loss to the taxpayer from the sale of Siteserv by the Irish Bank Resolution’s Corporation, IBRC, would have been in the region of €8 million to €30 million. It took six years to find that out. The Moriarty tribunal, as I recall, was in the region of...

Written Answers — Department of Finance: Commissions of Investigation (15 Sep 2022)

Paschal Donohoe: ...security had been sold and the remaining balance had been deemed irrecoverable, unless that balance was written off in the books of the Bank in the Relevant Period, being 21 January 2009 (the date of the nationalisation of IBRC) and 7 February 2013. In its Second Interim Report (Section 2.17 et seq), the Commission confirmed that it had further engaged with the Special Liquidators and...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (15 Sep 2022)

Paschal Donohoe: I am advised that the Special Liquidators have commenced a review of the matters outlined in the PQ. However, these issues relate to a period when the Special Liquidators were not involved with IBRC and no corporate knowledge remains available to the Special Liquidators. As this task will require in-depth analysis of historical records, it will be necessary for the SLs to redirect resources...

Irish Bank Resolution Corporation Commission of Investigation Report: Statements (14 Sep 2022) See 13 other results from this debate

Thomas Pringle: ...report, including the fact that Denis O’Brien was offered exclusivity on the deal; the fact that a finance official leaked confidential Siteserv sale details that would ultimately alert Denis O’Brien to the sale; the fact that IBRC wrote off €119 million of the €150 million that Siteserv owed; the fact that IBRC lost out on between €700,000 and...

An tOrd Gnó - Order of Business (14 Sep 2022)

Jack Chambers: ...Motion re Report of the Committee on Standing Orders and Dáil Reform re Amendment of Standing Orders relating to pre-legislative scrutiny of Government Bills (without debate) - Statements on the IBRC Commission of Investigation Report (not to exceed 200 minutes) - Motion re Proposed Approval by Dáil Éireann of the Institutional Burials Act 2022 (Director of Authorised...

Planning and Development (Amendment) (No. 2) Bill 2022: Second Stage (Resumed) (7 Jul 2022)

Michael McNamara: ...numbers to just ram stuff through. I accept there is occasionally a need for emergency legislation that must be rushed through overnight. The legislation dissolving the Irish Bank Resolution Corporation, IBRC, is one example. If that had not been brought in by the next morning it would have had considerable financial repercussions for the State but this is not legislation like that....

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022) See 6 other results from this debate

Brian Stanley: ...fund; and the audited financial statements of the Exchequer 2020. The Department has been advised that the committee may wish to examine the liquidation of the Irish Bank Resolution Corporation, IBRC, and matters related to vehicle registration tax during the course of the engagement. We are joined in the committee room by the following officials from that Department: Mr. John Hogan,...