Written answers

Tuesday, 17 June 2014

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
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207. To ask the Minister for Finance the cost of the progress report recently produced by the special liquidators of the Irish Bank Resolution Corporation. [26070/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As per the Ministerial Instructions dated 7 February 2013, the Special Liquidators have a duty to provide the Minister with information "or reports with respect to the winding-up of IBRC and the sale of IBRC s assets as the Minister may from time to time require". I have been advised by the Special Liquidators that the costs of producing such reports are a cost of the liquidation. The Special Liquidators will be complying with their obligations and as such the liquidation accounts, which will detail the receipts and payments of the liquidation, will be filed in the CRO after the first two years of the liquidation.

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