Written answers

Thursday, 30 April 2015

Photo of Catherine MurphyCatherine Murphy (Kildare North, Independent)
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85. To ask the Minister for Finance if he will describe the quality of the working relationship between his Department and the senior management and staff at the Irish Bank Resolution Corporation in the months leading up to the appointment of a special liquidator to same; if he will release all correspondence and documentation in the period from the sale of Siteserv plc until the appointment of the special liquidator which indicate his Department’s opinion or concern regarding the quality of decision making by senior management; if he will provide all documentation and correspondence concerning the eventual appointment of a special liquidator; and if he will make a statement on the matter. [17173/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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There was a professional working relationship between my Department and senior management of IBRC at all times. Given the issues which the bank was dealing with at the time, this may not have always led to agreement on certain matters between my Department and senior management of IBRC, nor should this be expected.  I would expect healthy debate on such matters between the parties involved and expect they would have asked difficult questions of each other during their interactions given the importance of the decisions being made.

We should expect professionals to challenge, debate and sometimes disagree with each other and not shy away from having difficult discussions in pursuing and justifying what they believe to be the best course of action in whatever issue they are addressing.

In relation to your request for documentation and correspondence, I would suggest that the Deputy seek the release of these documents under a Freedom of Information request.

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