Results 181-200 of 918 for liquidation ibrc

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Written Answers — Department of Finance: IBRC Operations (24 Nov 2015)

Michael Noonan: Neither I nor the Special Liquidators of IBRC are in a position to comment on the intentions or subsequent actions of third party purchasers (or the safeguards they have employed) once they have purchased loan assets from IBRC. Furthermore, I have no legal basis to place restrictions on any business or employment interests of former employees or directors of IBRC.

Written Answers — Department of Finance: Banks Recapitalisation (17 Nov 2015)

Michael Noonan: ...Irish Nationwide was taken by the previous Government and €34.7 billion had been injected into these banks in 2009 and 2010. These entities were merged in July 2011 to become the Irish Bank Resolution Corporation (IBRC) but I will refer to them as IBRC for convenience.  IBRC was at that time reliant on some €41 billion in emergency liquidity assistance, known...

Leaders' Questions (11 Nov 2015)

Micheál Martin: Yesterday, I asked the Taoiseach a number of questions about the inquiry into the sale of Siteserv and other State-owned assets by IBRC. He did not answer the very basic question I put to him, namely, why the Department of Finance refused to waive its rights regarding the documents it sent to the commission of investigation. I asked the Taoiseach if it was his position that no officials in...

Leaders' Questions (10 Nov 2015) See 3 other results from this debate

Catherine Murphy: Last October I stood in this very spot and raised issues about Siteserv and the water metering contract. As the months progressed the questions extended into the wider issues surrounding IBRC and how it handled certain transactions. Ultimately, the questions moved to the dysfunctional relationship between IBRC and the Department of Finance. IBRC had one remit, namely, to ensure that...

Seanad: Order of Business (10 Nov 2015) See 1 other result from this debate

Ivana Bacik: ...five families is in private rented accommodation and that, therefore, we need an overhaul of the private rental sector. I certainly welcomed the establishment of the commission of investigation into IBRC transactions, about which issues had been raised in the other House. The issue that has come to the fore puts the spotlight on the 2004 Act. The difficulty is that there was no better...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (10 Nov 2015)

Michael Noonan: I propose to take Questions Nos. 182 and 183 together. As the Deputy is aware, for operational reasons the loan assets of Irish Bank Resolution Corporation Limited (in Special Liquidation) (IBRC) were originally divided into six portfolios: Evergreen, Sand, Rock, Salt, Stone & Pebble. The Sand portfolio comprised 12,702 Irish originated residential mortgages with a par value...

Social Welfare Bill 2015: Second Stage (Resumed) (5 Nov 2015)

Seán Fleming: ...but the Minister for Finance has no idea why he got it. Neither he nor anybody else predicted it and there is no guarantee it will carry forward into next year. It was a once-off increase of €1.6 billion over and above expectations. Additional income also arose this year from dividends from the Central Bank, which is a carry-over from dealing with the IBRC liquidation issue....

Order of Business (30 Sep 2015)

Peter Mathews: I have three matters to touch on. The first is a combination of the good work that Deputy Catherine Murphy has done in revealing the shortcomings of IBRC. The liquidation of IBRC was done under very hurried legislation at night-time. I also wish to refer to the good work done by Deputy Wallace in regard to NAMA, the legislation relating to which was rushed through on 16 September 2009....

Written Answers — Department of Finance: IBRC Liquidation (29 Sep 2015)

Pearse Doherty: 129. To ask the Minister for Finance if he will provide an update on the liquidation process at the Irish Bank Resolution Corporation; his views on whether the junior bondholders will receive payment during the process, the timeframe envisaged for such payments and the amounts estimated to be due. [32861/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015) See 3 other results from this debate

Michael Noonan: ...to ensure that the bad experiences of the past are not repeated and that in the future new lending is affordable for the borrower and sustainable for the lender. The Government is committed to working with the Central Bank, with mortgage providers and other relevant parties to ensure that this happens. I'll turn now to IBRC. The decision to recapitalise and nationalise Anglo Irish...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Joe Higgins: ...exception to credit policy and your decision to be made in relation to same at the credit meeting...". Could I ask you to look at - sorry, I didn't give notice of this - page 3, in Vol. 2 of the IBRC book? You have it yourself there, Mr. Browne, Vol. 2, page 3, it is easily got. This relates to documents from IBRC liquidators in NAMA, exceptions to credit policy for Anglo loans, and the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

...Peter Fitzgerald: Thank you Chairman and members of the committee. Firstly, I would like to say that I welcome this opportunity to share my experience in the roles I held in Anglo Irish Bank and IBRC with the members of the joint committee. I look forward to answering, as best I can and to the extent possible, any questions you have in relation to my performance in those roles and wider...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

...to NAMA were significantly undervalued. INBS developed a strategy over time which involved lending to clients who had a proven track record. Towards the end of 2007, it became clear that liquidity was tightening. The board decided to cease new lending in December 2007 when other institutions continued to lend anew, and this was the right strategy at that time. By September 2008,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015) See 4 other results from this debate

Michael McGrath: ...take you back to the issue of exceptions to group lending policy - and a number of the questioners raised it already - and, on page 3 of Vol. 2, there is an extract from a report prepared by the IBRC special liquidator, and Deputy Higgins has already referred to this. And at the bottom of it, it makes it clear-----

Written Answers — Department of Finance: General Government Debt (16 Jul 2015)

Michael Noonan: ...the sale of investments in BOI and PTSB and the sale of Irish Life, circa €5.0bn has been returned to the State in addition to €5.9bn in interest and fees across all the banks up to 31 December 2014.  In addition, the significant progress in the liquidation of IBRC, which was classified within the area of general government as a result of ESA 2010, has...

Written Answers — Department of Finance: Information and Communications Technology (16 Jul 2015)

Michael Noonan: ...of the Scheme.  The ELG Scheme was discontinued effective from midnight on 28 March 2013. Any liabilities guaranteed under the ELG Scheme up to 28 March 2013 remain guaranteed until their maturities. Following the liquidation of IBRC, liabilities covered under the ELG scheme were and can be claimed from the NTMA as Scheme Operator. State Savings State Savings is the brand name...

Written Answers — Department of Finance: IBRC Liquidation (16 Jul 2015)

Michael McGrath: 226. To ask the Minister for Finance further to Parliamentary Question No. 71 of 16 January 2014, if he will provide an update on the status of the tax audit concerned; and if he will make a statement on the matter. [30361/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Mr. Pádraig Ó Ríordáin: Well, I suppose, that actually happened here to a certain extent in relation ... once IBRC was liquidated. The promissory notes, for example, that were held at the Central Bank of Ireland at the time ... the Central Bank would have become the owner of the promissory notes and then they were restructured from there. So that's probably the primary example.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

...of Ireland and ... or directed investments in Bank of Ireland and AIB. The NTMA had no role in relation to the oversight of the banking system and no responsibility in relation to the provision of liquidity to the system. We believed that the role of lender of last resort fell to the Central Bank and ECB. 2007-2008: The function of the interbank money markets became increasingly...

Written Answers — Department of Finance: Central Bank of Ireland (14 Jul 2015)

Michael Noonan: I propose to take Questions Nos. 300 and 301 together. As part of the liquidation of IBRC in February 2013, the NTMA issued eight Floating Rate Bonds to the Central Bank of Ireland (CBI). Details of the maturity dates, the nominal amounts issued and the interest margins applying to each of the eight Floating Rate Bonds are outlined in the following table. Floating Rate Bond Maturity...