Results 1-20 of 918 for liquidation ibrc

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Written Answers — Department of Finance: Departmental Priorities (12 Dec 2023)

Michael McGrath: ...Infrastructure, Climate and Nature Fund which will allow for sustained levels of investment in infrastructure in the event of economic downturns and to support climate and nature related projects. The 10th Progress Update Report on the special liquidation of IBRC was published in September 2023. As set out in the Report, the timeline for completion of the liquidation remains forecast to...

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)

Brian Stanley: ...they are commercial entities. I understand that part of it. We are at their mercy on that point. I will turn to the banking unit within the Department. The Irish Bank Resolution Corporation, IBRC, has been liquidated and NAMA is being wound down. We are nearly at the tail-end of that. The State ownership of the banks has reduced. Is there still a need for the banking unit?

Written Answers — Department of Finance: State Bodies (20 Jun 2023)

Michael McGrath: ...its mandate, it would engage with each request on a case-by-case basis, subject to available resources, in a timely manner as it does with Parliamentary Questions. Irish Bank Resolution Corporation (IBRC) pqs@ibrc.ie N/A – IBRC is in advanced liquidation- no formal processes are put in place on the matter however, informal feedback is sought...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (7 Mar 2023) See 1 other result from this answer

Jim O'Callaghan: 235. To ask the Minister for Finance whether the terms of the settlement entered into by the special liquidators of IBRC with a company (details supplied) can be disclosed; and if he will make a statement on the matter. [11144/23]

Written Answers — Department of Finance: Banking Sector (21 Feb 2023)

Michael McGrath: The total recapitalisation of the domestic banks amounted to €64.1bn, of which €34.7bn was invested in Anglo Irish Bank and INBS (IBRC) and €29.4bn in AIB, BOI and PTSB. To date, €21.2bn of the investment in the three remaining banks has been recovered in cash by way of disposals, investment income and liability guarantee fees (breakdown in tabular form below). As...

Written Answers — Department of Finance: Banking Sector (13 Dec 2022)

Paschal Donohoe: The IBRC Ninth Progress Update report was published on 9 September 2022 and provides information on costs incurred in the special liquidation to date, with cost information also provided by workstream and by time period. I am advised by the Special Liquidators that they are precluded from providing the details sought in relation to individual assets, as this is commercially sensitive...

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

Paschal Donohoe: The Special Liquidators have advised me that Goodbody provided sales advisory services to Irish Bank Resolution Corporation Limited (In Special Liquidation) (“IBRC”) in relation to IBRC’s holding of NAMA subordinated bonds in 2014. They were not engaged in 2015 as all of IBRC’s holdings of the bonds were sold in 2014. I am advised by the Special Liquidators that...

Written Answers — Department of Finance: Banking Sector (8 Dec 2022)

Paschal Donohoe: ...bill that relates to the borrowing undertaken to re-capitalise the banks. That said, it is possible to identify borrowing undertaken specifically to deal with the re-capitalisation costs of IBRC. Most notably, €25bn of Floating Rate Notes (FRNs) were issued in February 2013 at the time of the liquidation of IBRC.  The FRNs pay interest every six months (June and December) based...

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) See 2 other results from this debate

Brian Stanley: ...; and chapter 22, on the Ireland Apple escrow fund. The Department has also been advised that the committee may also wish the examine the following during the meeting: expenditure relating to the liquidation of the Irish Bank Resolution Corporation, IBRC; the funding of superannuation liabilities at the Financial Services and Pensions Ombudsman, FSPO; exceptional payments made from the...

Seanad: Report of Commission of Investigation (IBRC) into Siteserv Transaction: Statements (12 Oct 2022) See 1 other result from this debate

Jack Chambers: As Senators are aware, the Taoiseach is the specified person and the Department of the Taoiseach is responsible for certain administrative functions regarding the IBRC commission. Unfortunately, the Taoiseach cannot participate in today's debate due to prior commitments. He has asked me to attend in his place and extend his apologies to the House. The commission was established in June 2015...

Ceisteanna - Questions: Commissions of Investigation (11 Oct 2022) See 2 other results from this debate

Catherine Murphy: ...On reading it, 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...

Written Answers — Department of Finance: Commissions of Investigation (22 Sep 2022)

Gerald Nash: 130. To ask the Minister for Finance if he is concerned by the recent findings of the Report of the Commission of Investigation IBRC that a senior official at his Department made an unauthorised disclosure of confidential information regarding the sale process for an organisation (details supplied); if he believes that it is appropriate that the same official now represents the State’s...

Written Answers — Department of Finance: Commissions of Investigation (15 Sep 2022)

Paschal Donohoe: ...raised in the Commission’s Final Report. This First Interim Report (Section 15) identified a concern of the Commission in November 2015 that the definition of “capital loss” adopted by the Special Liquidators may not respond fully to the objectives of the Commission, and noted that the Commission intended to arrive at a concluded view as to the meaning of capital loss....

Written Answers — Department of Finance: Irish Bank Resolution Corporation (15 Sep 2022)

Paschal Donohoe: I am advised that the Special Liquidators have commenced a review of the matters outlined in the PQ. However, these issues relate to a period when the Special Liquidators were not involved with IBRC and no corporate knowledge remains available to the Special Liquidators. As this task will require in-depth analysis of historical records, it will be necessary for the SLs to redirect resources...

Irish Bank Resolution Corporation Commission of Investigation Report: Statements (14 Sep 2022) See 2 other results from this debate

Cathal Berry: ...and thank Mr. Justice Brian Cregan for his hard work. I agree with his findings, and it is now up to the statutory bodies - the Revenue Commissioners, the Corporate Enforcement Authority and the IBRC special liquidators - to follow up on his comprehensive report. Many people have been let down by the performance, first among them the taxpayer. We are potentially down €7.8...

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) See 2 other results from this debate

Brian Stanley: ...for 2020, and Chapter 16 - Ireland Apple escrow fund; and the audited financial statements of the Exchequer 2020. The Department has been advised that the committee may wish to examine the liquidation of the Irish Bank Resolution Corporation, IBRC, and matters related to vehicle registration tax during the course of the engagement. We are joined in the committee room by the following...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (5 Apr 2022) See 2 other results from this answer

Paschal Donohoe: The Special Liquidators (SLs) have advised they are currently compiling this schedule however are not in a position to finalise this within the given timeframe. As a result, I will provide this information directly to the Deputy once it is received from the IBRC SLs.

Written Answers — Department of Finance: Ukrainian War (10 Mar 2022)

Paschal Donohoe: ...Stability Group has established a Working Group made up of officials from the three FSG organisations. This Group will focus on enhanced monitoring of the situation and provide regular updates to FSG members. I would also point out that IBRC (in Special Liquidation) has assets in both Russia and Ukraine. My officials are in regular contact with the Special Liquidators concerning these...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (3 Mar 2022)

Paschal Donohoe: Please see below schedule of legal fees incurred by the Minister for Finance in respect of the liquidation of IBRC: Date Amount 2012 € 724,878.64 2013 € 417,760.88 2014 €  23,829.59 2020 € 151,737.63 Total ...

Written Answers — Department of Finance: Departmental Data (1 Mar 2022)

Paschal Donohoe: ...by the European Central Bank (ECB) – the Public Sector Purchase Programme (PSPP) and more recently the Pandemic Emergency Purchase Programme (PEPP)  – as well as the Floating Rate Bonds acquired by the CBI on the liquidation of IBRC in 2013. Eurosystem book value holdings of Irish government bonds under ‘Pandemic Emergency Purchase Programme’ (PEPP) and...