Catherine Murphy (Kildare North, Independent)
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300. To ask the Minister for Finance if the review into transactions at the Irish Bank Resolution Corporation, to be undertaken by KPMG, will include a review of both the Blue Ocean Associates sale to a person (details supplied), which resulted in a write-down of €64 million, and the sale of Topaz to a consortium led by the same person, which also involved a significant write-down to the State. [20468/15]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy is aware, I have issued directions to the Special Liquidators to perform a review and produce a report having considered all transactions, activities and management decisions, other than those relating solely to the acquisition of assets by the National Asset Management Agency which either:

1. Resulted in a capital loss to IBRC of at least €10 million;

2. Are specifically identified as giving rise to potential public concern in respect of the ultimate returns to the taxpayer.

The period under review is between the nationalisation of the then Anglo Irish Bank on 21 January 2009 and the Special Liquidation of Irish Bank Resolution Corporation Limited on 7 February 2013. I am advised by the Special Liquidators that they are not yet in a position to comment on individual transactions that are or are not under review.