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

63. To ask the Minister for Finance the date when his Department discovered that it actually did hold the minutes of the Irish Bank Resolution Corporation board meeting of 15 March 2012; the way this discovery was made; where the minutes were found in his Department; the other board minutes of the Corporation that were held by his Department relating to the years 2009 to 2012; and if he will make a statement on the matter. [22573/15]

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

I was informed by my officials on 28 May 2015 that they had found a schedule of IBRC board packs received from August 2011 to September 2012 which had been created as part of a discontinued Freedom of Information request.  This record confirmed that my Department had received the minutes of the meeting of the board of 15 March 2012 as part of the IBRC board pack received in advance of the IBRC board meeting on 28 March 2012.

Following this, my officials carried out a comprehensive search of the Department of Finance and the file registry section, this search took place between 28 May 2015 to 3 June 2015, however my officials were unable to locate these misplaced board packs. Following the completion of the search, the Special Liquidators were contacted and copies of the misplaced board packs were received by my Department on 3 June 2015.

It is important to note that the discovery of these records does not change the import of my previous statements in that it remains my officials' belief that the Department first became aware of the Siteserv transaction after it was approved by the board of IBRC on 15 March 2012.

I am advised that the reference to the Siteserv transaction is in the minutes of the meeting of the board on 15 March 2012 and was contained in the pack received in advance of the monthly board meeting on 28 March 2012. The Siteserv transaction was approved by the board of IBRC on 15 March 2012 and announced to the stock exchange on 16 March 2012. The Department received the minutes of the meeting as part of the monthly board pack later that month.

A copy of the minutes of the 15 March board meeting is available on the Department of Finance website at