Results 1-13 of 13 for ibrc speaker:John Perry
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- Public Accounts Committee: 2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015) John Perry: .... Moran and his team. In referring to who is paying the appointee and to what his job will be, it would be wrong to make any inference about impartiality. The success of the liquidation of the IBRC to date has far exceeded the expectations at the time of the promissory note transactions in 2013. In October 2014, the debt acquired by NAMA as part of the promissory note transaction was...
- Public Accounts Committee: 2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015) John Perry: My first question relates to the formal legal establishment of the IBRC on 1 July 2011. Can Ms Nolan please clarify the reference in submissions to the IBRC as having been in existence before 1 July 2011? Correspondence I have received implies it was in existence prior to that date.
- Public Accounts Committee: 2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015) John Perry: Clarification is important. IBRC was formed on 1 July 2011 to take over the bad bank parts of Anglo Irish Bank and Irish Nationwide Building Society. Is that correct?
- Public Accounts Committee: 2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015) John Perry: Given that the core assignment for IBRC was to deal with the toxic loan portfolios of both of these banks, can the witnesses tell the committee what relationship framework measures were put in place to manage the Department of Finance and the new IBRC, which was quite different? One must remember the timeframe. On 1 January 2009, Anglo Irish Bank was put into State ownership. On 31 March,...
- Public Accounts Committee: 2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015) John Perry: That leads to my second question which relates to the information flow between IBRC and the Department. The document with responses to questions posed to the Minister for Finance in preparation for today's meeting of the committee states the shareholding management unit, SMU, within the Department was responsible for managing the day-to-day relationship with IBRC and that the SMU had daily...
- Public Accounts Committee: 2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015) John Perry: When the Department took over the toxic loans of the two other banks after the establishment of IBRC, I understood there were different criteria for the framework document from day one. Is the witness saying it did not operate from day one?
- Public Accounts Committee: 2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015) John Perry: The brief we received in reply to questions states the shareholding management unit in the Department was responsible for managing the day-to-day relationship with IBRC. The SMU had daily instructions with the senior management team in the bank on a wide variety of issues, including the bank's performance, progress in deleveraging and the various consent and consultation requests which...
- Public Accounts Committee: 2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015) John Perry: Were special arrangements or temporary staff put in place during the difficult and complex transactions to ensure the Department remained on top of the IBRC issue?
- Public Accounts Committee: 2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015) John Perry: On 1 July IBRC formed a court-mandated merger of Anglo Irish Bank. In the autumn of 2011 Siteserv could not repay a debt of €150 million to IBRC. It went to the market and IBRC hired Walter Hobbs to supervise the sale. This is in the period all of these appointments were being made. On 9 March 2011 the 31st Dáil met and new members of the Government were appointed. In March...
- Public Accounts Committee: Business of Committee (23 Apr 2015)
John Perry: I would like to have clarification with regard to the IBRC liquidation in 2011 and its ceasing to trade entirely on 7 February 2013. Was it taken over by NAMA?
- Public Accounts Committee: Business of Committee (23 Apr 2015)
John Perry: What residual debt was left with IBRC that was not taken over by NAMA?
- Topical Issue Debate: Redundancy Payments (14 Feb 2013)
John Perry: I am taking this issue on behalf of the Minister for Finance. I thank Deputy Spring for raising this very important issue. I welcome this opportunity to address the Dáil on the subject of IBRC staff redundancies as the welfare of all employees is of utmost concern to this Government. Liquidation by its legal nature creates an immediate termination of all employment contracts with the...
- Debt Renegotiation (6 Jun 2012)
John Perry: ...Noonan, who is on important Government business as we speak. The Government is committed to reviewing the arrangements that were put in place to capitalise the Irish Bank Resolution Corporation, IBRC, by the previous Government. The purpose of this review is to determine whether there is a way to reduce the overall cost to the State. Part of the capitalisation of IBRC was provided using...