Michael McGrath (Cork South Central, Fianna Fail)
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74. To ask the Minister for Finance if the minutes of the Irish Bank Resolution Corporation's credit committee were included in the monthly board packs sent by the bank to his Department; if so, when his Department began to receive the minutes of the corporation's credit committee; and if he will make a statement on the matter. [23979/15]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware the terms of reference of the proposed Commission of Investigation in relation to IBRC include the following explicit term of reference dealing with information received by the Department of Finance:

"in relation to each transaction under investigation, whether the Minister for Finance or his Department was kept informed where appropriate in respect of the transactions concerned, and whether he, or officials on his behalf, took appropriate steps in respect of the information provided to them."

Both Houses of the Oireachtas have approved these terms of reference. It is important that I do not interfere with or prejudice the important work to be conducted by the Commission of Investigation. In those circumstances I have received legal advice that it would be inappropriate for me to comment publicly in respect of information received from IBRC in relation to the various transactions under review.

Michael McGrath (Cork South Central, Fianna Fail)
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75. To ask the Minister for Finance further to Parliamentary Question No. 71 of 10 June 2015, when the Irish Bank Resolution Corporation commenced the practice of sending monthly board packs to his Department. [23980/15]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware the terms of reference of the proposed Commission of Investigation in relation to IBRC include the following explicit term of reference dealing with information received by the Department of Finance:

"in relation to each transaction under investigation, whether the Minister for Finance or his Department was kept informed where appropriate in respect of the transactions concerned, and whether he, or officials on his behalf, took appropriate steps in respect of the information provided to them."

In those circumstances I have received legal advice that it would generally be inappropriate for me to comment publicly in respect of information received from IBRC in relation to the various transactions under review. However in this instance, as the information has already been publically disclosed, I am in a position to answer the question posed.

The Department of Finance began receiving Board Packs from Anglo/IBRC in August 2011. Prior to this the Board Packs were sent to the NTMA as the NTMA Banking Unit was responsible for receiving the board packs prior to that unit being seconded to the Department of Finance.