Written answers

Tuesday, 23 June 2015

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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255. To ask the Minister for Finance further to Parliamentary Question No. 271 of 16 June 2015, if any borrowers at the Irish Bank Resolution Corporation refinanced their loans, post the expiry of their loan facility; and if he will make a statement on the matter. [24943/15]

Photo of Michael NoonanMichael 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 other matters of concern:

"The Commission shall report on any other matters of concern arising from its investigation of the above matters and make any further recommendations as the Commission sees fit."

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 these circumstances I have received legal advice that it would be inappropriate for me to comment publicly in respect of the various transactions, management decisions and actions that may fall within the scope of the review.

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