Lucinda Creighton (Dublin South East, Fine Gael)
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Question 147: To ask the Minister for Finance if an assessor has been appointed in relation to Anglo Irish Bank, pursuant to the Anglo Irish Bank Corporation Act 2009; and if not, when this appointment will be made. [11075/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Section 22 of the Anglo Irish Bank Corporation Act 2009 provides that I shall appoint an Assessor at an appropriate time having regard to the public interest, to determine the fair and reasonable aggregate value of the transferred shares and extinguished rights and the consequent amount of compensation, if any, that may be payable to persons in respect of Anglo shares transferred and rights extinguished under the Act.

As the Deputy will be aware it is essential that the process of appointing the Assessor is open and transparent and to this end I propose to utilise EU procurement procedures to effect the appointment. It is expected that an advertisement requesting expressions of interest from suitably qualified persons or groups will be posted on the e-tenders website and published in the Official Journal of the European Union in the next few weeks. The Deputy will appreciate that it is not feasible at this stage to put an exact date on the conclusion of this appointment process. However, in overall terms, I will be seeking for the appointment process to be concluded in good time, taking into account the timing requirements of EU procurement rules.