Results 41-60 of 918 for liquidation ibrc

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Written Answers — Department of Finance: IBRC Operations (6 Sep 2019)

Paschal Donohoe: On 11 March 2015, Life Company Consolidation Group Limited (“LCCG”), through its Irish subsidiary, Life Company Consolidation Group Ireland Limited, acquired the entire share capital of IBRC Assurance Company Limited (“IBRCAC”) from IBRC (in Special Liquidation). Following the sale in March 2015 IBRCAC was renamed Harcourt Life Assurance Company Limited. The...

Public Accounts Committee: Business of Committee (11 Jul 2019) See 3 other results from this debate

Seán Fleming: ...to follow suit in order to make life much easier both for themselves and the committee. Parts of this response from the Department of Finance relate to the Irish Bank Resolution Corporation, IBRC, which we will be discussing in private session this afternoon. Mr. Moran provides a note on the Irish Fiscal Advisory Council. He also gives details of the two sets of litigants in the cases...

Public Accounts Committee: Business of Committee (27 Jun 2019)

Seán Fleming: ...we will keep the State Claims Agency issue separate. On 11 July, we will deal with the appropriation accounts for the Houses of the Oireachtas. We will then deal with matters in regard to the IBRC liquidation. With regard to outstanding matters in the work programme, we can take the Irish Prison Service off that as we have dealt with it and we will also deal with it in our periodic...

Public Accounts Committee: Business of Committee (20 Jun 2019) See 3 other results from this debate

Marc MacSharry: ...evolved, there needed to be a NAMA No. 2 or No. 3 Bill. There never was. Perhaps it is my conspiratorial mind, but there is form here. We are having this exact discussion on the oversight of the IBRC liquidation. Given the way the legislation is written, history will record that Mr. McDonagh and Mr. Daly and the NAMA team have done an exceptional job. It is us who did not do such a...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: IBRC Liquidation (19 Jun 2019) See 3 other results from this debate

Paschal Donohoe: ...her point that the legislation was passed at great speed. I remember the night very well and the circumstances. I do not have any plans to establish a committee of inspection in regard to the liquidation. I am satisfied it has happened in an entirely appropriate way, in accordance with the law and the legislation passed. As the Deputy is aware, a report is issued to provide the House...

Public Accounts Committee: Business of Committee (13 Jun 2019)

Seán Fleming: No. 2198C, from Deputy Marc MacSharry, is dated 29 May 2019 and is with regard to correspondence from Mr. David Hall on the IBRC liquidation. This item has been referred to and we will deal with it in private session in a few minutes. No. 2200C, from an individual, is dated 31 May 2019 and requests an independent review of the technological, roll-out and investment options for the...

Public Accounts Committee: Business of Committee (30 May 2019)

Marc MacSharry: ...Mortgage Holders Organisation's chief executive, David Hall. It included a copy of a report Mr. Hall commissioned from Professor Constantin Gurdgiev on the Irish Banking Resolution Corporation, IBRC, liquidation. I circulated this to the secretariat and to each member. While people will not have had an opportunity to go through it yet I propose that we invite Professor Gurdgiev and Mr....

Public Accounts Committee: 2017 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 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019) See 4 other results from this debate

Marc MacSharry: I thank the Chairman and welcome everyone to the meeting. The first issue I want to deal with is bankers' pay and then I will move on to the liquidation of IBRC. Has the Department received any advice on bankers' pay in the context of the pay cap?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

...was aware of this, yet it insisted that the Government should pay for these hidden losses. Under EU law, the Government is not liable. Indeed, the cancellation of the promissory notes may be illegal. Liquidity difficulties are another potential problem. If banks conceal their losses, it becomes impossible to borrow money. Today, banks continue to conceal losses which make borrowing...

Written Answers — Department of Finance: IBRC Operations (8 May 2019)

Paschal Donohoe: The Joint Special Liquidators of IBRC announced in December 2018 that they would pay all outstanding amounts owed to admitted unsecured creditors of IBRC. As part of this final 50% dividend payment to admitted unsecured creditors the State received c. €593 million from its claims. This brings to c.€1.19 billion that has been returned to the State to date. The Joint Special...

Public Accounts Committee: Business of Committee (21 Feb 2019)

Seán Fleming: We will write to the Department of Finance for the current and up-to-date position about the liquidation of IBRC. We will write immediately.

Public Accounts Committee: Business of Committee (31 Jan 2019)

Catherine Murphy: Deputy MacSharry raised the issue of the Irish Bank Resolution Corporation, IBRC, last year. There was to be some engagement but there was a court action. It was the largest company liquidation in the history of the State and a committee of oversight was being sought. Has there been any movement on this? I introduced legislation, for which I got into a bit of trouble, to extend the powers...

Written Answers — Department of Finance: IBRC Liquidation (23 Jan 2019)

Marc MacSharry: 68. To ask the Minister for Finance the name of the creditors that received payments from the joint special liquidators of IBRC since the liquidation commenced on 7 February 2013; the amounts claimed by each creditor; the amounts paid to each creditor; and if he will make a statement on the matter. [3233/19]

Government's Brexit Preparedness: Statements (17 Jan 2019)

Seán Crowe: ...via input from Members of the Oireachtas and other relevant stakeholders. We have seen this approach previously and each time it has led to even greater problems, with the bank guarantee and the liquidation of IBRC being two recent cases in point. This House needs to see the Brexit Bills as a matter of urgency. This cannot be pushed down the road any longer. This is too big an issue....

Ceisteanna ó Cheannairí - Leaders' Questions (19 Dec 2018) See 1 other result from this debate

Pearse Doherty: ...obair sa Teach seo. Tá súil agam go mbeidh Nollaig mhaith acu uilig agus bliain úr faoi mhaise agus go mbeimid uilig ar ais anseo, slán, sábháilte in 2019. A Cheann Comhairle, ba mhaith liom an cheist seo a ardú inniu leis an Taoiseach. Yesterday, the liquidators of IBRC, the successor to Anglo Irish Bank and Irish Nationwide, confirmed that...

Written Answers — Department of Finance: Consultancy Contracts Data (13 Dec 2018)

Paschal Donohoe: ...& Young - €3475.98 100% 2016 N/A Nil 2017 Ernst & Young - €3475.98 100% 2018 N/A Nil **Investor Compensation Company Limited 2009 PwC - €13,365 100% 2010 N/A Nil 2011 PwC - €10,285 100% 2012 PwC - €32,595 100% 2013 KPMG - €9,225 100% 2014 KPMG - €9,225 100% 2015 KPMG - €9,225 100% 2016 N/A Nil ...

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Second Stage (5 Dec 2018)

Gerry Horkan: ...to provide greater protection for mortgage holders, tenants and SMEs whose loans have been transferred to non-regulated entities, or vulture funds. Ireland has had loan sales before from NAMA and from the liquidation of IBRC, Danske Bank and Bank of Scotland Ireland. Prior to 2015, there was absolutely no protection for borrowers whose loans were sold to unregulated vulture funds. Many...

Public Accounts Committee: Business of Committee (8 Nov 2018)

Seán Fleming: .... We will see if that can be done and it is something we will come back to in our work programme. In the meantime, we will ask for the detail on the team. The next item concerns the special liquidator for IBRC, on which we had various recommendations. Since then, the work of the committee has overtaken the various recommendations we had on that issue and we have discussed it at...

Public Accounts Committee: Business of Committee (18 Oct 2018)

Seán Fleming: ...requested by the committee: additional information relating to cash holdings in NAMA, the impact of negative interest rates, and an update relating to the case before the courts regarding the IBRC liquidation. In respect of the special liquidation of IBRC, the Department is defending the proceedings and confirms that a comprehensive defence to these proceedings will be filed within two...

Public Accounts Committee: Business of Committee (27 Sep 2018) See 1 other result from this debate

Seán Fleming: ...correspondence is from Mr. Derek Moran, Secretary General of the Department of Finance on the High Court case against the Minister for Finance in respect of the Irish Bank Resolution Corporation, IBRC, liquidation. Mr. Moran states that there has been no settlement in the case but he will keep the committee updated. The clerk to the committee was informed recently that there have been...