Written answers

Tuesday, 30 June 2020

Department of Finance

Commissions of Investigation

Photo of Alan KellyAlan Kelly (Tipperary, Labour)
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40. To ask the Minister for Finance the amount spent on the Commission of Investigation into the Irish Bank Resolution Corporation in each of the years 2015 to 2019 and to date in 2020; and if he will make a statement on the matter. [12840/20]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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A breakdown by year of the costs incurred by the Department of Finance on the IBRC Commission of Investigation is set out in the table below.

Year  Total
2015 €223,724.55
2016 €27,180.63
2017 €74,303.49
2018 €31,383.64
2019 €280,405.67
2020 (YTD) €117,374.60
Total €754,372.58
The total amount of €754,372.58 is made up of legal costs of €728,155.17 and €26,217.41 which was spent on an eDiscovery tool required to comply with directions from the Commission.

In addition to the costs incurred by the Department of Finance, the Special Liquidators of IBRC incurred the costs as set out below.

Year Total 
2015 €2,249,711
2016 €764,040
2017 €121,951
2018 €45,396
2019 €85,245
2020 (to end-May) €90,906
Total €3,357,249
The total amount of €3,357,249 is made up of KPMG costs of €2,787,131 and legal costs of €570,118.

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