Gerry Adams (Louth, Sinn Fein)
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Question 55: To ask the Minister for Finance further to Parliamentary Question No. 31 of 22 February 2012, if he will outline the exact date officials in his Department were notified as part of the ongoing communications with IBRC about the existence of the retention agreement between a company (details supplied) and IBRC; and if he will make a statement on the matter. [11841/12]

Michael Noonan (Limerick City, Fine Gael)
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The Department was informed of the bank's intention to engage the advisory arm of the company referred to in the question on the 1st November 2011. The bank was requested by my Department to confirm that there is no conflict in relation to the appointment. This confirmation has been provided by the bank.

Gerry Adams (Louth, Sinn Fein)
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Question 56: To ask the Minister for Finance further to Parliamentary Question No. 34 of 22 February 2012, if he will detail if the officials in his Departments' weekly discussions with a company (details supplied) about IBRC were with the advisory or investment side of the company; if he will detail the purpose of these meetings; and if he will make a statement on the matter. [11842/12]

Michael Noonan (Limerick City, Fine Gael)
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The weekly discussions are with the advisory arm of the firm in question, as engaged by IBRC. While this is ordinary business of IBRC for which the Board is responsible, the purpose of the calls is to keep my Department appraised of progress and developments.