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Ceisteanna - Questions: Commissions of Investigation (5 Apr 2022) See 2 other results from this debate

Micheál Martin: ...in looking back is that we use the prism of today to judge actions 30 or 40 years ago. In respect of the financial issues, I agree very serious issues were raised, particularly in terms of the IBRC. It is seven years since that inquiry commenced. In regard to Deputy Bacik's point, the draft report has been completed. In July 2021, the commission issued a draft of its report, which...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (5 Apr 2022) See 2 other results from this answer

Paschal Donohoe: ...compiling this schedule however are not in a position to finalise this within the given timeframe. As a result, I will provide this information directly to the Deputy once it is received from the IBRC SLs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (30 Mar 2022)

John McGuinness: ...into it and that is what they are into. I mention receivers and the switching code, which were referred to earlier. Does the Central Bank have any role with the Irish Bank Resolution Corporation, IBRC? Does it come under the Central Bank's banking resolutions?

Written Answers — Department of An Taoiseach: Commissions of Investigation (29 Mar 2022)

Micheál Martin: ...Act 2004 are the Irish Bank Resolution Corporation Commission of Investigation and the National Asset Management Agency Commission of Investigation. Both Commissions are fully independent. The IBRC Commission of Investigation was established in June 2015 following consultation with Oireachtas parties. It is investigating certain transactions, activities and management decisions at the...

Written Answers — Department of Finance: Ukrainian War (10 Mar 2022)

Paschal Donohoe: ...Stability Group has established a Working Group made up of officials from the three FSG organisations. This Group will focus on enhanced monitoring of the situation and provide regular updates to FSG members. I would also point out that IBRC (in Special Liquidation) has assets in both Russia and Ukraine. My officials are in regular contact with the Special Liquidators concerning these...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (3 Mar 2022)

Paschal Donohoe: Please see below schedule of legal fees incurred by the Minister for Finance in respect of the liquidation of IBRC: Date Amount 2012 € 724,878.64 2013 € 417,760.88 2014 €  23,829.59 2020 € 151,737.63 Total ...

Written Answers — Department of Finance: Departmental Data (1 Mar 2022)

Paschal Donohoe: ...European Central Bank (ECB) – the Public Sector Purchase Programme (PSPP) and more recently the Pandemic Emergency Purchase Programme (PEPP)  – as well as the Floating Rate Bonds acquired by the CBI on the liquidation of IBRC in 2013. Eurosystem book value holdings of Irish government bonds under ‘Pandemic Emergency Purchase Programme’ (PEPP) and...

Written Answers — Department of Finance: Banking Sector (24 Feb 2022) See 1 other result from this answer

Catherine Murphy: 232. To ask the Minister for Finance the estimated time to complete liquidation of the Irish Bank Resolution Corporation, IBRC; the estimated value of the remaining assets; the number of remaining assets; the number of personnel currently working on the special liquidation; the date on which operations will scale down once the liquidation is complete; if the liquidators will be retained for a...

Written Answers — Department of Finance: Banking Sector (15 Feb 2022)

Paschal Donohoe: ...the Special Liquidators and KPMG and has received strong assurances that there will be full continuity of service from the Special Liquidators and from KPMG to complete the special liquidation of IBRC and to achieve the maximum return for the State. The Special Liquidators are expected to remain at KPMG until April 2023, and work has already commenced in making arrangements to ensure...

Ceisteanna - Questions: Commissions of Investigation (23 Nov 2021) See 1 other result from this debate

Micheál Martin: ...Act 2004 are the Irish Bank Resolution Corporation commission of investigation and the National Asset Management Agency commission of investigation. Both commissions are fully independent. The IBRC commission was established in June 2015 following consultation with Oireachtas parties. It is investigating certain transactions, activities and management decisions at the IBRC and in its...

Public Accounts Committee: Business of Committee (11 Nov 2021)

Brian Stanley: ...Hogan, Secretary General of the Department of Finance, dated 21 October, providing information requested by the committee regarding the special liquidation of the Irish Bank Resolution Corporation, IBRC. Following consideration of previous correspondence on this matter from the Department, namely, No. 718, the committee requested details of the checks and balances in place within the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Central Bank (3 Nov 2021)

Peadar Tóibín: ...commissions of investigation are anything but satisfactory. They have been going on for years and are costing massive amounts of money. I am thinking of the commissions of investigation relating to NAMA and the IBRC. Would it not be better for the State to have a department or an office of investigations that could actually build the critical skill sets needed to be able to enforce and...

Written Answers — Department of Finance: Banking Sector (20 Oct 2021)

Catherine Murphy: ...supplied) that the Central Bank is using off balance sheet structures to help in the concealment of losses; and if he or his officials have engaged with the Central Bank regarding the number of IBRC transactions that keep losses and liabilities off balance sheet. [51675/21]

Public Accounts Committee: Business of Committee (21 Sep 2021) See 2 other results from this debate

Brian Stanley: ...Department of Finance, dated 7 July 2021, providing an update requested by the committee on the eighth progress update report on the special liquidation of the Irish Bank Resolution Corporation, IBRC. The Secretary General stated that the timeline for completion of the liquidation has been extended from the end of 2022 to the end of 2024 and "COVID-19 has impacted the current realisable...

Written Answers — Department of An Taoiseach: Commissions of Investigation (15 Sep 2021)

Micheál Martin: ..., the Commissions are fully independent in their investigations. The Commissions of Investigation concerned are: - the Commission of Investigation on the Irish Bank Resolution Corporation (IBRC) which is investigating certain transactions. To the end of August this year the Commission cost €10,593,230, excluding any third party legal costs incurred which have yet to be paid....

Written Answers — Department of Finance: Departmental Strategies (14 Jul 2021)

Paschal Donohoe: ...of the Public Service ICT Strategy 2015 where applicable. HBFI is committed to making information accessible to all and further details on its accessibility are outlined under ‘Legal’ on its website. While the Irish Bank Resolution Corporation (IBRC) is in the very advanced stages of wind down with no employees, the Special Liquidators have always been conscious to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021 (Resumed)
Vote 1 - President's Establishment (Revised)
Vote 2 - Department of the Taoiseach (Revised)
Vote 3 - Office of the Attorney General (Revised)
Vote 4 - Central Statistics Office (Revised)
Vote 5 - Office of the Director of Public Prosecutions (Revised)
Vote 6 - Office of the Chief State Solicitor (Revised) (3 Jun 2021) See 2 other results from this debate

Jack Chambers: ...until all third-party costs have been settled. Provision of €4.209 million is included in the Estimates for 2021. The Cregan commission of investigation, the Irish Bank Resolution Corporation, IBRC, commission, was established by Government order in June 2015 following consultation with Oireachtas parties. The commission was originally required to investigate certain...

Loan Guarantee Schemes Arrangements (Strategic Banking Corporation of Ireland) Bill 2021: Second Stage (12 May 2021)

Cathal Crowe: ...positive Bill that provides a legislative basis for the Minister for Enterprise, Trade and Employment and of course the Minister for Agriculture, Food and the Marine to enter into an agreement with IBRC so they can implement the Brexit impact loan scheme. Once launched, it is intended the scheme will open up to SMEs and those that employ up to 499 people. It will provide loans ranging...