Billy Kelleher (Cork North Central, Fianna Fail)
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267. To ask the Minister for Finance the reasons for the appointment of KPMG to liquidate Anglo Irish Bank in view of its prior role with Irish Nationwide Building Society; and if he will make a statement on the matter. [14142/14]

Michael Noonan (Limerick City, Fine Gael)
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Kieran Wallace and Eamon Richardson of KPMG were selected for the role of Special Liquidators having regard to their previous insolvency experience and the capacity of the firm to complete the work required. As the Deputy will appreciate, it was not possible to run a tender process for the liquidation of IBRC due to the sensitivity of the matter. However, steps were taken to ensure that the rates agreed were commensurate with those agreed following a tender process undertaken by the National Asset Management Agency.