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Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019) See 4 other results from this debate

..., we will have an ongoing cost. For the individual banks, our analysis at the end of 2016 which I realise is a bit out of date was that approximately €35.8 billion was the cost for the IBRC. The cost for AIB was approximately €8 billion and for Permanent TSB, approximately €1 billion. For Bank of Ireland, it is looking kind of positive, to the tune of approximately...

Public Accounts Committee: Business of Committee (27 Jun 2019) See 1 other result from this debate

Seán Fleming: ...we will keep the State Claims Agency issue separate. On 11 July, we will deal with the appropriation accounts for the Houses of the Oireachtas. We will then deal with matters in regard to the IBRC liquidation. With regard to outstanding matters in the work programme, we can take the Irish Prison Service off that as we have dealt with it and we will also deal with it in our periodic...

CervicalCheck Tribunal Bill 2019: Second Stage (26 Jun 2019)

Mattie McGrath: ...of tribunals, we must be in kindergarten if we are going to set up another one. 10 o’clock We have had the experience. How many more costly tribunals must we have? We had the inquiry over IBRC. We had a briefing recently by the Taoiseach. It was due and now it has gone two years beyond its date and it is only on the first module of 61 pieces. It will go on forever. It was...

Ceisteanna (Atógáil) - Questions (Resumed): Commissions of Investigation (26 Jun 2019) See 3 other results from this debate

Leo Varadkar: ...or the number of modules to be completed as part of its investigation would require both Government and Oireachtas approval. As required under the Commissions of Investigation Act 2004, the IBRC commission's legal cost guidelines were prepared at the commission's outset by the Taoiseach as the specified Minister with the consent of the Minister for Public Expenditure and Reform and in...

Public Accounts Committee: Business of Committee (20 Jun 2019) See 3 other results from this debate

Marc MacSharry: ...evolved, there needed to be a NAMA No. 2 or No. 3 Bill. There never was. Perhaps it is my conspiratorial mind, but there is form here. We are having this exact discussion on the oversight of the IBRC liquidation. Given the way the legislation is written, history will record that Mr. McDonagh and Mr. Daly and the NAMA team have done an exceptional job. It is us who did not do such a...

Supplementary Report of the Scoping Inquiry into the CervicalCheck Screening Programme: Statements (19 Jun 2019)

Mattie McGrath: ...had one bad experience after another with tribunals over the past three decades. When are we going to learn? The Taoiseach brought us to a briefing recently about the Irish Bank Resolution Corporation, IBRC, one. One module has gone years over the deadline and millions of euro beyond what it should have cost. I have no faith in this gravy train. I want honesty, decency and respect for...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: IBRC Liquidation (19 Jun 2019) See 5 other results from this debate

Paschal Donohoe: ...in an entirely appropriate way, in accordance with the law and the legislation passed. As the Deputy is aware, a report is issued to provide the House with an update on the liquidation status of IBRC. The special liquidators have now published their sixth report on this to try to provide as much transparency as possible on what is a very significant issue. If the Deputy outlines the...

Public Accounts Committee: Business of Committee (13 Jun 2019)

Seán Fleming: No. 2198C, from Deputy Marc MacSharry, is dated 29 May 2019 and is with regard to correspondence from Mr. David Hall on the IBRC liquidation. This item has been referred to and we will deal with it in private session in a few minutes. No. 2200C, from an individual, is dated 31 May 2019 and requests an independent review of the technological, roll-out and investment options for the...

Written Answers — Department of An Taoiseach: Commissions of Investigation (12 Jun 2019)

Brendan Howlin: 68. To ask the Taoiseach the status of the commission of investigation into the IBRC; and the projected costs in this regard. [24101/19]

Public Accounts Committee: Business of Committee (30 May 2019) See 1 other result from this debate

Marc MacSharry: ...Mortgage Holders Organisation's chief executive, David Hall. It included a copy of a report Mr. Hall commissioned from Professor Constantin Gurdgiev on the Irish Banking Resolution Corporation, IBRC, liquidation. I circulated this to the secretariat and to each member. While people will not have had an opportunity to go through it yet I propose that we invite Professor Gurdgiev and Mr....

Public Accounts Committee: 2017 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 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019) See 6 other results from this debate

Marc MacSharry: I thank the Chairman and welcome everyone to the meeting. The first issue I want to deal with is bankers' pay and then I will move on to the liquidation of IBRC. Has the Department received any advice on bankers' pay in the context of the pay cap?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

...loans, the accounting profession may have exploited accounting standards to conceal subsidies given to developers, a matter which Deputy Catherine Murphy attempted to investigate. There is a risk that IBRC exploited the accounting standards when measuring these subsidies. As regards a solution, a House of Commons report published in April, entitled "The Future of Audit", concluded that...

Written Answers — Department of Finance: IBRC Operations (8 May 2019)

Pearse Doherty: 161. To ask the Minister for Finance the estimated receipts due to be received from the IBRC by each year until these receipts are expected to end in tabular form. [19503/19]

Written Answers — Department of Finance: Disability Act Employment Targets (16 Apr 2019)

Paschal Donohoe: ...target that at least 6% of our staff should represent persons with disabilities in line with the Comprehensive Employment Strategy for Persons with Disabilities” Investor Compensation Company Limited (ICCL) Staff from the ICCL are on assignment from the Central Bank of Ireland Irish Bank Resolution Corporation (IBRC) The IBRC is in wind-down and therefore has no plans to hire any...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2019
Vote 1 - President's Establishment (Revised)
Vote 2 - Department of An 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) (28 Feb 2019) See 2 other results from this debate

Leo Varadkar: ...estimate - it is only an estimate - is that it will top out at approximately €75 million, depending on further legal cost awards. The spend to date on the Cregan commission, which is the Siteserv-IBRC commission, has been €7 million. However, we anticipate that the final cost could be as much as €30 million and it is difficult to say when the commission will end....

Public Accounts Committee: Business of Committee (21 Feb 2019) See 1 other result from this debate

Catherine Murphy: I have two issues I want to raise and we may come back to them next week. Is there any update on the issue that Deputy MacSharry raised about the committee of oversight for IBRC? We are talking about a very large amount of money. Mr. McCarthy might remember there is a court issue and there was to be some consideration given to whether there could be a more satisfactory arrangement whereby...

Saincheisteanna Tráthúla - Topical Issue Debate: Public Inquiries (20 Feb 2019)

Donnchadh Ó Laoghaire: ..., under Mr. Justice Gerard Haughton. As has been demonstrated by the journalist, Michael Clifford, this was not considered necessary when an inquiry was put together for the Bill Kenneally case or the IBRC case or to investigate the recording of phone conversations in Garda stations. A number of examples can be provided. The need for a public inquiry here was clearly demonstrated and...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 1 - President's Establishment
Vote 2 - Department of the Taoiseach (7 Feb 2019)

David Cullinane: ...State. The various tribunals and commissions and their cost are listed on page 19. A number of them are live. The Cregan commission - is that the one into the Irish Bank Resolution Corporation, IBRC?

Public Accounts Committee: Business of Committee (31 Jan 2019)

Catherine Murphy: Deputy MacSharry raised the issue of the Irish Bank Resolution Corporation, IBRC, last year. There was to be some engagement but there was a court action. It was the largest company liquidation in the history of the State and a committee of oversight was being sought. Has there been any movement on this? I introduced legislation, for which I got into a bit of trouble, to extend the powers...

No Consent, No Sale Bill 2019: Second Stage [Private Members] (29 Jan 2019)

Pearse Doherty: ...it was selling 6,139 loans linked to family homes. This is not the first time family home loans were sold by this bank or other banks, including the State itself through the Irish Banking Resolution Corporation, IBRC, to vulture funds. What made this a new low was that the mortgages involved were those of families meeting their agreed arrangements with the bank. No sale to vultures is...