Gerry Adams (Louth, Sinn Fein)
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To ask the Minister for Finance the process for the appointment by the special liquidator of an independent valuer for IBRC as stipulated in the Irish Bank Resolution Corporation Act 2013; if he will confirm whether these independent valuers will also be allowed to act as independent brokers in the sale of these assets; if he will further confirm whether the independent values of IBRC assets' valuation shall be the fixed valuations upon which he accepts and that no other valuation will be applied by him; if he will confirm that the final discount on all the assets of IBRC overseen by the special liquidator will be on current market value and not long term economic value as was the case in the transfer of assets to the National Assets Management Agency; and if he will make a statement on the matter. [9512/13]

Michael Noonan (Limerick City, Fine Gael)
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I have been advised that the Special Liquidators are still in the process of devising and implementing a sales process in respect of IBRC’s assets. Following an independent valuation process, the Special Liquidators will sell the assets of IBRC (which are subject to the floating charge) to third parties at or above their independent valuation and failing that, the Special Liquidators will sell the assets to NAMA at their valuation price.

Gerry Adams (Louth, Sinn Fein)
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To ask the Minister for Finance if he will confirm that KPMG will not be responsible for brokering the disposal of Irish Bank Resolution Corporation assets; if he will further confirm that no former auditors of either Irish Nationwide or Angle Irish Bank shall be awarded contracts for either the valuations or disposal of IBRC assets; if he will further confirm that there shall be no off market transactions on any of the remaining IBRC assets currently being worked through by the special liquidator and that all these assets shall be sold in an open and transparent process through the appointment of an independent broker; if he will further confirm the persons responsible for the sale of assets in advance of assets being transferred to the National Assets Management Agency, whether similar to NAMA these asset disposals will go towards some form of credit committee; the membership of such a committee; the membership of a such a committee; and if he will make a statement on the matter. [9513/13]

Michael Noonan (Limerick City, Fine Gael)
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Interested parties will be given the opportunity to bid for specific portfolios as part of an open and transparent process. I have been advised that the Special Liquidators are still in the process of devising and implementing a sales process in respect of IBRC’s assets and are therefore not in a position to comment on same at this time. Following an independent valuation process, the Special Liquidators will sell the assets of IBRC (which are subject to the floating charge) to third parties at or above their independent valuation and failing that, the Special Liquidators will sell the assets to NAMA at their valuation price.