Stephen Donnelly (Wicklow, Independent)
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177. To ask the Minister for Finance his views on potential conflicts of interest with the special liquidators of Irish Bank Resolution Corporation, IBRC, acting as receivers on loans foreclosed upon by buyers of loans from the corporation, as recently happened in the case of loans to a Dublin cleaning company (details supplied); and if any concerns are heightened by ongoing sale by the special liquidators of IBRC of approximately €2 billion of par-value loans. [37998/14]

Michael Noonan (Limerick City, Fine Gael)
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Kieran Wallace and Eamonn Richardson were appointed by R3768723 Limited (a subsidiary of Alchemy Limited) as receivers and managers over Resource Facility Support Limited and not by any of the purchaser(s) of the loan assets of Irish Bank Resolution Corporation Limited (in Special Liquidation) ( IBRC ).

I am advised by the Special Liquidators that they are satisfied that no conflict of interest arises and that they can perform objectively or otherwise without bias, given that on this occasion the purchaser(s) of the loan assets of IBRC had already sold on their loan to an independent third party.

Stephen Donnelly (Wicklow, Independent)
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178. To ask the Minister for Finance further to Parliamentary Questions No. 195 of 15 July 2014 and No. 321 of 17 September 2014, the position regarding potential conflicts of interest with the special liquidators of Irish Bank Resolution Corporation, acting as decision makers on whether or not to default on loans which the special liquidators have previously sold; and if he will make a statement on the matter. [37999/14]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy is aware and further to Parliamentary Questions No. 195 of 15 July 2014 and No. 321 of 17 September 2014 relating to certain unspecified assets of the Irish Bank Resolution Corporation Assurance Company Limited, the Special Liquidators cannot comment on the assets of IBRC Assurance Company Limited as this is a separate legal entity to Irish Bank Resolution Corporation Limited (in Special Liquidation) and it is outside the control of the Special Liquidators.