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Public Accounts Committee: Business of Committee (12 Jul 2018)

Seán Fleming: ...to the clerk and I propose that we forward it to the individual. Is that agreed? Agreed. No. 1455C, held over from Deputy Marc MacSharry, regarding the liquidation of the Irish Bank Resolution Corporation, IBRC. We had a discussion on this in private session at our meeting last Tuesday and we decided that we will write to the Department of Finance and the State Claims Agency...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018) See 2 other results from this debate

Catherine Murphy: Many members believe that the State has been very short-changed by the IBRC although that is not the witnesses' concern; they are there to manage the national debt rather than the politics of it. Did today's auction relate to IBRC?

Written Answers — Department of Finance: NAMA Expenditure (12 Jul 2018)

Paschal Donohoe: ...(Int) LLP 26 Kilmount Consultants Limited T/A KMS Commercial 25 Jones Lang LaSalle Ltd - Dublin 23 Bibby Financial Services Ireland Limited 23 Taylor Wessing LLP 23 Gartlan Furey Solicitors 22 Sousa Guedes, Oliveira & Assoc. 22 KPMG (Cork) 22 IBRC LLD (Irish Bank Resolution Corporation LLD 22 Mason Hayes & Curran 22 CBRE Los Angeles 22 Tughans Solicitors 21...

Written Answers — Department of Finance: Promissory Notes (11 Jul 2018)

Joan Burton: 82. To ask the Minister for Finance his plans to buy back high-rate loans issued at the height of the crisis; his further plans in respect of the IBRC promissory note held by the Central Bank; and if he will make a statement on the matter. [30832/18]

Written Answers — Department of Finance: General Data Protection Regulation (11 Jul 2018)

Paschal Donohoe: ...Access Request’ process through which it is committed to providing a copy of all personal data held in respect of a data subject within 30 days of receipt of an acceptable request as required under the GDPR. Irish Bank Resolution Corporation IBRC (in Special Liquidation) complies with the obligations under the General Data Protection Regulations and the Data Protection Act 2018...

Home Building Finance Ireland Bill 2018: Second Stage (5 Jul 2018)

Eoin Ó Broin: ...getting finance, it is not as if there is not a wash of international investment in Irish property. We have seen that in the large amounts of capital entering the State to buy distressed assets from the portfolios of IBRC and NAMA in the commercial sector and increasingly in the residential sector, especially student accommodation. That capital is entering the State on profitable terms....

Written Answers — Department of Finance: Departmental Staff Training (5 Jul 2018)

Paschal Donohoe: ...end of program test; - Operational training in respect of GDPR procedures and policies; - GDPR and Data Protection Act workshops; - 1-to-1 training as and when required. Irish Bank Resolution Corporation IBRC have appointed a dedicated Data Protection Officer. They took external legal advice and updated their Policies and Procedures as part of a data protection programme to ensure...

Urban Regeneration and Housing (Amendment) Bill 2018: Second Stage [Private Members] (3 Jul 2018)

Eoin Ó Broin: ...to enter into the bond market themselves, this money is being invested in property. When investors started coming to this jurisdiction, in the first instance they were looking at distressed assets and focused on the portfolios of IBRC or NAMA, both in commercial and residential property. They are now moving into residential on a new scale, whether it is in terms of investment trusts,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Promissory Note Bonds: Discussion (28 Jun 2018) See 2 other results from this debate

...of Finance. Every time something happens, the reports are almost identical to the previous one issued. They declare it to be almost a good news story - the Central Bank has made a profit on this IBRC wind-up note. It was declared that a profit of €150 billion went to the Exchequer because a €500 million bond was sold for €650 million or whatever. It is presented as...

Public Accounts Committee: Business of Committee (28 Jun 2018) See 2 other results from this debate

Marc MacSharry: I thank the Chairman. As members will know, I have an interest in the IBRC liquidation going back over the past year. On my recommendation, as a committee, we included in our last periodic report a recommendation to establish a committee of inspection within the liquidation. We discussed that it would include, for example, representatives from the Office of the Comptroller and Auditor...

Questions on Promised Legislation (27 Jun 2018)

Marc MacSharry: ...Accounts, in its periodic report in January, included the call for the Government to establish a committee of inspection on the very costly liquidation of the Irish Bank Resolution Corporation, IBRC. As the normal level of oversight was specifically excluded from the legislation establishing the liquidation in 2013, is the Government now prepared to accept my recommendation, and that of...

Written Answers — Department of Finance: IBRC Liquidation (26 Jun 2018)

Niall Collins: 96. To ask the Minister for Finance the amount of fees invoiced and the amount paid to a person and or a company (details supplied) since the commencement of the liquidation of IBRC; and if he will make a statement on the matter. [27986/18]

Leaders' Questions (21 Jun 2018)

Pearse Doherty: .... The damage done to the State by Anglo Irish Bank in particular was catastrophic. We should not forget that we are still paying the price of that damage because of the promissory notes and the IBRC liquidation and we will be paying for it for many decades to come. However, we cannot pretend that the conviction of David Drumm yesterday marks some sort of watershed moment. That just...

Ceisteanna - Questions (Resumed): Legislative Programme (13 Jun 2018)

Micheál Martin: ...prior to the summer recess. There are inquiries under the remit of the Taoiseach's Department. I presume work in that regard is ongoing and that there are no issues arising in regard to the IBRC inquiry of which the House needs to be informed.

Public Accounts Committee: Business of Committee (24 May 2018) See 1 other result from this debate

Marc MacSharry: The other thing is that we decided as a committee in principle to contact the legal team for a mortgage debt advocate in relation to the IBRC liquidation and the case being taken against the State. We agreed to go ahead with that but I had suggested we would ask the Office of the Parliamentary Legal Advisor for a view just before doing so. It is not that the advice will dictate our view but...

Public Accounts Committee: Business of Committee (10 May 2018)

Alan Kelly: ...O'Brien. Again that has been superseded. No. 1281C is from Deputy MacSharry, dated 2 May 2018, in regard to a case against Department of Finance on liquidation of Irish Bank Resolution Corporation, IBRC. We discussed this briefly last week and are formally noting it now. We will discuss it in private later. Is that agreed? Agreed. No. 1283C, dated 9 May 2018, is from Ms Geraldine...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 2 - Department of An Taoiseach (3 May 2018) See 1 other result from this debate

Mr. Martin Fraser: It is the commission of investigation into IBRC and Siteserv because it has more tribunal-like powers. Everyone knows very much today that it is not just about how much it costs or how long it takes, although how long it takes is really important, but the commission of investigation model is stronger in terms of spending, which is the Committee of Public Accounts'...

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) See 5 other results from this debate

Catherine Murphy: I refer to the IBRC unsecured creditors payment of €270.6 million in 2016. How much of that was carried over to 2017 and 20148?

Written Answers — Department of Finance: Central Bank of Ireland (17 Apr 2018)

Paschal Donohoe: I am informed by the Central Bank that the position remains that it is committed to disposing of the floating rate notes acquired as part of the IBRC liquidation as soon as possible, provided financial stability conditions permit. As the Deputy is aware the Bank is statutorily independent therefore decisions around sales are a matter for the Bank itself.

Written Answers — Department of Finance: Central Bank of Ireland Data (17 Apr 2018)

Paschal Donohoe: ..., although the report notes a number of cases which could raise concerns for the national central banks; in the case of the Central Bank of Ireland, this is in relation to the liquidation of the Irish Bank Resolution Corporation (IBRC). As part of the liquidation of the IBRC in 2013, the Central Bank acquired a ‘Special Portfolio’, of additional assets to the value of...