Results 1-20 of 114 for ibrc speaker:Catherine Murphy

Did you mean: ibec speaker:204?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Catherine Murphy: I thank the Cathaoirleach. We all knew both the IBRC and NAMA would be wound down at some point. We are talking about the circumstances which allowed that to happen. I always take issue with the term "profit". If the loans were transferred to NAMA at par value, you would be talking about profit, but when talking about loans handed over with a very significant haircut, the word "surplus"...

Public Accounts Committee: Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council (30 Nov 2023)

Catherine Murphy: They have to make it up. I want to ask about the IBRC. In the tenth progress report, relating to 2021 and 2022, Russia and the Czech Republic are included together. Why is that the case? I think we can all appreciate that Russia would be in a different category. There is 57% of the portfolio of assets in Russia and the Czech Republic. Do we know what the figure is for the Czech...

Public Accounts Committee: Business of Committee (30 Nov 2023)

Catherine Murphy: ...entitlements, for example. I get quite annoyed when it is said that we bailed the banks out and that the only banks that really cost us money were Anglo Irish Bank and Irish Nationwide, which IBRC succeeded. The fact that they crashed so spectacularly – the property bubble caused that – led to other economic costs, including a huge amount of additional borrowing. It tends...

Ceisteanna - Questions: Commissions of Investigation (9 May 2023)

Catherine Murphy: 14. To ask the Taoiseach if he will report on the publication of the fifteenth interim report of the IBRC Commission of Investigation. [21537/23]

Ceisteanna - Questions: Commissions of Investigation (9 May 2023)

Catherine Murphy: This extension is to deal with the costs and any legal challenges, meaning this may not be the last extension. The IBRC Commission of Investigation was set up under the 2004 Act. That bespoke legislation effectively turned the commission of investigation into a tribunal but behind closed doors. It dealt with one of 38 transactions. A very comprehensive report found that the transaction...

Written Answers — Department of Finance: National Asset Management Agency (13 Dec 2022)

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: National Asset Management Agency (13 Dec 2022)

Catherine Murphy: 246. To ask the Minister for Finance if he will provide a schedule of the companies that acquired IBRC's holding of NAMA junior bonds in 2014 and 2015. [61971/22]

Written Answers — Department of Finance: National Asset Management Agency (13 Dec 2022)

Catherine Murphy: ...and the time that his Department and-or the former Minister for Finance was first notified by a company (details supplied) of the most likely pricing range that could be achieved in the auction of IBRC's holding of NAMA junior bonds. [61972/22]

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)

Catherine Murphy: I welcome the witnesses. It will be only a few short months until it is ten years since the Irish Bank Resolution Corporation, IBRC, was liquidated and we have another couple of years before the outworkings of that are complete. The briefing document refers to “a net estimated cost of €37.3 billion, the vast majority of which ... will never be recovered.” I cannot find...

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)

Catherine Murphy: When the IBRC work is finally concluded, what will happen to the records? Will they be transferred to the Department of Finance? Has that been decided or worked through?

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)

Catherine Murphy: To go back to the Irish Bank Resolution Corporation, IBRC, do we know what the recovery was pre-liquidation and post liquidation? I presume there would have been some recovery pre-liquidation. Was that work done at the time of the liquidation? Is this known?

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)

Catherine Murphy: ...banks and the holding of part-ownership of the banks, which is still the case with AIB and PTSB. Is the cost to the Department factored into it as well? I am aware it would not be exclusive to IBRC, but IBRC is the biggest one.

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)

Catherine Murphy: Supposing all of the shares in AIB are sold and IBRC has been wound down, and PTSB would be relatively small in comparison with the others, is there a function for that section?

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,...

Ceisteanna - Questions: Commissions of Investigation (11 Oct 2022)

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...

Ceisteanna - Questions: Commissions of Investigation (11 Oct 2022)

Catherine Murphy: 4. To ask the Taoiseach the actions that he will take following the publication of the report of the IBRC Commission of Investigation. [49725/22]

Irish Bank Resolution Corporation Commission of Investigation Report: Statements (14 Sep 2022)

Catherine Murphy: I wish the Minister of State, Deputy Calleary, well in his new and very important role. As we know, the IBRC had been created to wind down Anglo Irish Bank and the Irish Nationwide Building Society, which had been nationalised and the citizens acquired a huge debt of approximately €35 billion. In 2012, the troika was still in town; the austerity programme was under way; the national...

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)

Catherine Murphy: That is fine. I want to cover the area of the Irish Bank Resolution Corporation, IBRC. The amalgamation of Anglo Irish Bank and Irish Nationwide was the biggest liquidation in the history of the State and we are still talking about it all these years later. On the remaining assets, the briefing document informed us that in July 2021 the loan portfolio was €3.4 billion. Has anything...

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)

Catherine Murphy: There are 17 that IBRC is a defendant in and 12 relate to recovery.

Written Answers — Department of Finance: Irish Bank Resolution Corporation (5 Apr 2022)

Catherine Murphy: 235. To ask the Minister for Finance if he will provide a schedule of costs and real estate and-or property consultants who have made claims against him over the course of the special liquidation of IBRC to date. [17431/22]