Micheál Martin (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

107. To ask the Minister for Finance the amount in fees KPMG received for providing advice before, during and after the Irish Bank Resolution Corporation was liquidated; and if he will make a statement on the matter. [19207/15]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I note that I answered a very similar question for the Deputy on 30th April 2015.

I am advised that due to commercial confidentiality and sensitivities, the Special Liquidators do not propose to provide details of amounts due and paid to KPMG by Irish Bank Resolution Corporation Limited prior to the appointment of the Special Liquidators. However, any amounts owing at the date of the appointment of the Special Liquidators rank as unsecured claims. Amounts due and payable to KPMG since the appointment of the Special Liquidators are  detailed in the progress update report of 12 March 2015, which is available on the Department of Finance website at .

Total fees of €76m were paid to KPMG (KPMG Special Liquidator team: €71.4m and KPMG migration team: €4.6m) to 31 December 2014 of which approximately €4.5 million was recovered from NAMA.  In addition a rebate of €5 million was agreed with KPMG following discussions at the request of the Minister.