Written answers

Tuesday, 23 June 2015

Department of Finance

Commissions of Investigation

Photo of Paul MurphyPaul Murphy (Dublin South West, Socialist Party)
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239. To ask the Minister for Finance if he favours an extension to the commission of investigation into the transactions of the Irish Bank Resolution Corporation to other banks in State ownership, or where the State is a major shareholder, namely, the National Asset Management Agency, Allied Irish Banks, Permanent TSB and Bank of Ireland; and if he will make a statement on the matter. [24744/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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In response to significant public concerns, and to focus the review on the transactions that have led to the significant public concerns, a Commission of Investigation into certain decisions, transactions and activities entered into by IBRC has now been established.

As the Deputy will be aware, the Terms of Reference of the Commission of Investigation were debated in Dáil Éireann on Tuesday 9 June 2015 and Wednesday 10 June 2015. Both Houses of the Oireachtas have approved these terms of reference. An Taoiseach, as the Specified Minister for the Purposes of the Commissions of Investigation Act 2004, would have the statutory power to amend the terms of reference of the existing Commission of Investigation.

It is important that I do not interfere with or prejudice the important work to be conducted by the Commission of Investigation, therefore, in these circumstances it would be inappropriate for me to comment further in respect of the Terms of Reference already approved by both Houses of the Oireachtas.

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