Paul Murphy (Dublin South West, Socialist Party)
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141. To ask the Minister for Finance If it was normal procedure for no minutes to be taken of meetings between the Secretary General of his Department and the board of the Irish Bank Resolution Corporation; if minutes were taken for the meeting between persons on 1 and 2 August 2012; and if he will make a statement on the matter. [17583/15]

Michael Noonan (Limerick City, Fine Gael)
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As per the then Secretary General of the Department of Finance's diary for August 2012, he was scheduled to meet the former CEO of IBRC on 1 August 2012 and 2 August 2012. From the records of the meetings, it appears that it was only the two individuals mentioned that were present and there was no other official from my Department present to take minutes of the meetings.

While no formal minutes of the meetings were recorded, the former Secretary General of my department spoke with another former official of my department about the key outcomes of the meetings and these were formally recorded by the official via an email. One of the key outcomes recorded was discussions around the Market Solutions role in IBRC which ultimately led to the appointment of a senior Department of Finance official into this role to explore opportunities for deleveraging with a view to maximising the recovery for the taxpayer. This had the additional benefit of providing greater oversight while supporting the management team.

The briefing note ahead of the meetings and the email containing the key outcomes of the meetings have been released under FOI and are available on the Department of Finance website at .