Results 1-10 of 10 for ibrc speaker:Joan Burton

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Ceisteanna (Atógáil) - Questions (Resumed): Commissions of Investigation Expenditure (4 Dec 2019)

Joan Burton: I thank the Taoiseach for that reply. We are now well into the fifth year of the commission of investigation into the IBRC and the controversial Siteserv transaction. Despite six interim reports to date, however, the commission has revealed no substantial detail surrounding the controversy. The reply the Taoiseach just read out confirms that this remains the case. To be frank, people are...

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]

Commission of Investigation (Irish Bank Resolution Corporation) Bill 2016: Second Stage (8 Jul 2016)

Joan Burton: ...a level which is utterly distressing. If those Deputies ever get an opportunity to visit such a country to see what happens they should take it. If people were honest about the development of IBRC and the deal with the promissory note, they would lay out what their alternative was. That €3 billion a year hung like a noose around the neck of the Irish State and had to be paid...

Commission of Investigation (Irish Bank Resolution Corporation) Bill 2016: Second Stage (8 Jul 2016)

Joan Burton: ...be addressed. Special liquidators have also been mentioned and it is important that comprehensive answers should be available to any questions on them. We also have the question of write-offs which were incurred at IBRC on the sale of Siteserv. I took part in the debate on the creation of NAMA. I was extremely critical and did not support the formation of NAMA. However, once it...

Leaders' Questions (23 Apr 2015)

Joan Burton: ...inherited a relationship framework that was put in place by the previous Government and the Minister for Finance at the time. The purpose of that was to keep politicians at arm's length and for IBRC to conduct its ordinary business without any day-to-day interference by politicians in its affairs, so that it could successfully recover as much money as possible for the Irish taxpayer,...

Leaders' Questions (23 Apr 2015)

Joan Burton: ...in Ireland had collapsed with the loss of hundreds of thousands of jobs and hundreds of businesses, and losses to the Irish taxpayer in the case of the particular bank which was taken on by IBRC with the purpose of liquidating what was actually a rotting carcass of a bank. That was what was going on, major job losses and the destruction of the construction industry in Ireland, and with it...

Leaders' Questions (23 Apr 2015)

Joan Burton: ...was among many construction companies and trades, allied to construction, that ended up with unsustainable debt and, therefore, ended up, in Deputy Martin's time in government, under the remit of IBRC. That is all I am saying to the Deputy. It was his Government's policies that led to what occurred, not only to Siteserv but also many others. The Deputy has made a case with which the...

Leaders' Questions (23 Apr 2015)

Joan Burton: ...the KPMG report arose in January 2011 during Deputy Martin's time in Government. It concerned Siteserv and was a review of the strategic options for the business and the debt situation vis-à-visIBRC. That was during the Deputy's time in government and I am sure he is probably familiar with that period. In February 2011, there were meetings between IBRC, Siteserv and KPMG to discuss...

Leaders' Questions (20 Feb 2014)

Joan Burton: Special liquidators have been appointed to oversee the liquidation of the IBRC. This is in law for the benefit of all the creditors of the institution, including the State. The special liquidators, as with any liquidator, must maximise the return, and to do otherwise would leave it open to legal challenge. The process involves the special liquidators conducting a valuation and sale process...

Promissory Notes: Motion (Resumed) (13 Feb 2013)

Joan Burton: ...I am very happy to say that the Government has now secured precisely such a deal, through careful negotiation, persistence and determination. The deal will ensure that Anglo has been wiped off the map and the promissory note torn up. It will ensure that the IBRC-related debt is tucked into a long-term bond which will allow the State to pay over a much longer period at a lower rate of...