Michael McGrath (Cork South Central, Fianna Fail)
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149. To ask the Minister for Finance the amount that has been paid to a firm (details supplied) for professional services on the banking crisis since 2008, including any amounts, shown separately, paid by his Department, the Central Bank of Ireland, the National Treasury Management Agency and the National Pensions Reserve Fund, or by the covered institutions themselves. [45974/15]

Michael Noonan (Limerick City, Fine Gael)
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In response to the Deputy's query, regarding the amount that has been paid to a firm (details supplied) for professional services on the banking crisis since 2008, I can confirm that the Department has not made any payments to this firm.  

In relation to my Department, I would ask the Deputy to note that the firm has been engaged on a pro bono basis as financial advisors for capital restructuring and other related matters in relation to State investment in AIB since 8th January 2015 with an anticipated end date of 31st December 2015.  A statement and QandA concerning the appointment of the firm as financial advisors for capital restructuring and other related matters in relation to State investment in AIB in January 2015, on a pro bono basis, is available on the Department of Finance website at

The Central Bank has advised me that it has not made any payments to this firm for professional services on the banking crisis since 2008.  In relation to the covered institutions, I am advised that disclosure of payments to the firm referred to in the question is considered commercially sensitive. 

The National Treasury Management Agency (NTMA) has advised me that the National Pensions Reserve Fund has not made any payments to the firm in question.  However in relation to the NTMA, I am advised that the following payments have been made:

* The NTMA recovered €2.7m from financial institutions in relation to fees paid in 2011.

** The NTMA recovered €0.6m from financial institutions in relation to fees paid in 2012.