Lucinda Creighton (Dublin South East, Independent)
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287. To ask the Minister for Finance further to a person's statement at the Public Accounts Committee on 14 May 2015, that there would have been an initial scoping by the Special Liquidator to get a general sense of what was involved in the inquiry, when the Special Liquidator was requested by him or his Department to conduct this initial scoping; if he will confirm what this initial scoping entailed; the number of persons involved; the direction that was provided to the Special Liquidator for this initial scoping; and if he will make a statement on the matter. [21239/15]

Lucinda Creighton (Dublin South East, Independent)
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290. To ask the Minister for Finance further to a person's statement (details supplied) at the Public Accounts Committee on 14 May 2015, when the scoping of the size of the Special Liquidator investigation shall be completed; and if he will make a statement on the matter. [21242/15]

Lucinda Creighton (Dublin South East, Independent)
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291. To ask the Minister for Finance further to a person's statement that the Special Liquidator may use outside help in reviewing individual transactions identified as being within the scope, the firms that are being considered by the Special Liquidator; the tendering process that shall be adopted in identifying those firms; and if he will make a statement on the matter. [21243/15]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 287, 290 and 291 together.

The announcement of the transaction review took place on 23rd April 2015.  Prior to this date, and after I and my officials decided that the Special Liquidators were in the best position to undertake the review, discussions took place between my officials and the Special Liquidators around the scope of the review. 

During these discussions, the capital loss threshold of the review was discussed with the Special Liquidators, who were asked to assist in an initial scoping exercise to evaluate an appropriate threshold with reference to capital loss that would fulfil the purposes of the transaction review.

There was no direction issued to the Special Liquidators to assist in this initial scoping.

Subsequent to the announcement of the transaction review the Special Liquidators would have continued their scoping and conflict management work in conjunction with Judge Iarlaith O Neill .

As the Deputy is aware, the transaction review is no longer taking place and has been replaced by a Commission of Investigation.  The scope, sizing and determination of any resources required to conduct the Investigation will be determined by the appointed judge appointed in the context of the terms of reference for the Investigation as approved pursuant to the provisions set out in the Commissions of Investigation Act 2004.