Billy Kelleher (Cork North Central, Fianna Fail)
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180. To ask the Minister for Finance if tendering or procurement was required for companies or persons hired to assist with the liquidation of IBRC, Irish Bank Resolution Corporation, such as in accounting, legal matters and so on; the companies or persons hired through this process; and if he will make a statement on the matter. [24098/17]

Billy Kelleher (Cork North Central, Fianna Fail)
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181. To ask the Minister for Finance the companies or persons that were hired as part of the liquidation of the IBRC; and if he will make a statement on the matter. [24099/17]

Billy Kelleher (Cork North Central, Fianna Fail)
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182. To ask the Minister for Finance the costs incurred in the liquidation of the IBRC; the companies and persons hired; the area of expertise of each; the payments made to each person and company in addition to the timeframe of each individual contract, in tabular form; and if he will make a statement on the matter. [24100/17]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 180 to 182, inclusive, together.

In February 2013 Kieran Wallace and Eamonn Richardson of KPMG were appointed by me in my role as Minister for Finance as Special Liquidators of IBRC and were tasked with managing the winding-up of the institution, this process is on-going. The Special Liquidators are obliged to comply with the instructions given to them by the Minister for Finance and act in the interests of the taxpayer under the provisions of the IBRC Act.

I would like to draw the Deputy's attention to the most recent progress update report on the Special Liquidation of IBRC which was published on 5th May 2017 and which is available on the Department of Finance website ().While the Special Liquidators are not obliged to go through a procurement process when appointing firms to assist in the wind-up of IBRC, Page 45 of the latest progress update report details the cost management undertaken by the Special Liquidators. These are the various steps which the Special Liquidators take/have taken when hiring legal and third party advisors/contractors to ensure costs are minimised and are managed efficiently and effectively while continuing to ensure the orderly wind-up of IBRC. 

The costs associated with the Special Liquidation of IBRC from 7th February 2013 to 31st December 2016 are €214.581m. Of this, €127.666m relates to fees for work carried out by the KPMG Special Liquidation team and KPMG migration team, €34.428m relates to legal work carried out by A&L Goodbody solicitors, and €19.694m relates to legal work carried out by Linklaters. There were other professional advisors costs that amounted to €18.017m and other legal advisors costs were €14.778m. The total costs for the 12 months to 31st December 2016 amounted to €35.059m. Page 39 of this report outlines the costs associated with the Special Liquidation of IBRC in more detail. The report also sets out in more detail the roles of the key advisors to the Special Liquidators.