Pearse Doherty (Donegal South West, Sinn Fein)
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Question 115: To ask the Minister for Finance if he will provide details of a company's (details supplied) remit to assist his Department on the restructuring of Irish banks, including the start date and end date of the contract; if he will confirm that this company has recently pitched for projects outside of this original remit; if he will clarify if this company was asked to re-tender for this work in line with normal competitive process; and the fees budgeted for this company's work on Irish bank restructuring and the level of fees. [25974/11]

Michael Noonan (Limerick City, Fine Gael)
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The company referred to in the question was engaged on 16 May 2011 until 31 December 2011 as external adviser on bank restructuring, to ensure a timely, efficient and effective process, and to review the proposals for merger and integration. A fixed fee, including expenses, of €2.75m was agreed for the engagement. The company has carried out no work for the NTMA or the Department of Finance other than that specified under the terms of the contract nor has it proposed to do so.