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Written Answers — Department of Finance: IBRC Operations (13 May 2015)

Lucinda Creighton: 71. To ask the Minister for Finance if he or his Department were ever informed of, or made aware of, any allegations concerning write-downs being provided on debt for personal borrowings in the Irish Bank Resolution Corporation; if he will provide the nature of these allegations, if they occurred, and the subsequent action that was taken by him or his Department; and if he will make a...

Written Answers — Department of Finance: IBRC Operations (12 May 2015)

Peadar Tóibín: 274. To ask the Minister for Finance if he is aware of any person who was a shareholder of Siteserv who would have had access to Irish Bank Resolution Corporation information concerning the sale of Siteserv, and-or who would have information around Irish Water's Siteserv tender. [18272/15]

Written Answers — Department of Finance: IBRC Loans (12 May 2015)

Colm Keaveney: 285. To ask the Minister for Finance if he will confirm if borrowers of the Irish Bank Resolution Corporation were offered an incentive discount on their loans to refinance or buy their loans back from the special liquidators before the special liquidators had to put the loans up for auction; if so, the number of borrowers who were granted this discount; and if he will make a statement on the...

Written Answers — Department of Finance: Banks Recapitalisation (12 May 2015)

Michael Noonan: ...on page 189 and note 39 on pages 218, 220 -31 December 2010: See note 9 on pa ges 233, 236 and note 41 on pages 265, 267 PTSB PTSB did not repay any dated subordinated debt between 30th September 2008 and 30th September 2010. IBRC The Special Liquidators note that the information requested pre dated their appointment, however from information and records available they have provided the...

Public Accounts Committee: Business of Committee (7 May 2015) See 1 other result from this debate

Mary Lou McDonald: ...or for our committee to scrutinise or second-guess. The point was made very strongly that the policy oversight, as well as the political oversight and interaction between the system and the IBRC, Irish Bank Resolution Corporation, is very much a legitimate space. It is not something KPMG will delve into. It will be very much a technical and, in my view, a wholly inadequate mechanism for...

Ceisteanna - Questions - Priority Questions: IBRC Operations (7 May 2015) See 2 other results from this debate

Michael Noonan: ...raised in the Houses of the Oireachtas and elsewhere regarding the Siteserv transaction and the public discourse this has caused surrounding the handling of other transactions undertaken by IBRC, I have directed the special liquidators of IBRC to review certain transactions which occurred between 21 January 2009, the date of the nationalisation of IBRC, and 7 February 2013, the date of the...

Ceisteanna - Questions - Priority Questions: IBRC Liquidation (7 May 2015) See 3 other results from this debate

Michael Noonan: It was announced on 23 April 2015 that I would be directing the special liquidators of IBRC to review certain transactions which occurred between 21 January 2009, the date of the nationalisation of IBRC, and 7 February 2013, the date of the appointment of the special liquidators to IBRC. The review will cover transactions that resulted in a capital loss to IBRC of at least €10 million...

Written Answers — Department of Finance: IBRC Operations (7 May 2015)

Catherine Murphy: 27. To ask the Minister for Finance further to Parliamentary Question No. 80 of 26 March 2015, in relation to his Department's inquiries into the sale of Siteserv by Irish Bank Resolution Corporation, the reason he stated this matter was further discussed at a meeting between the former Secretary General of the Department of Finance and the then chief executive officer of the corporation took...

Written Answers — Department of Finance: IBRC Operations (7 May 2015)

Thomas Pringle: 30. To ask the Minister for Finance in accordance with paragraph 13 of the ministerial instructions to the special liquidators, if he will divulge to the original mortgage holder the valuation of the Irish Bank Resolution Corporation's assets and the value at which that person's original mortgage was sold to a third party, as the special liquidators are themselves precluded from divulging the...

Written Answers — Department of Finance: IBRC Operations (7 May 2015)

Ruth Coppinger: 33. To ask the Minister for Finance if he will report on the consultations between his Department and the Irish Bank Resolution Corporation on the sale of corporation’s United States of America loan book; if he will report on the loss to the Exchequer from the sale of the loan book; and if he will make a statement on the matter. [17572/15]

Sale of Siteserv: Motion [Private Members] (6 May 2015) See 39 other results from this debate

Seán Fleming: ...owed the Irish taxpayer €150 million, was given a write-off of €110 million. Included in that sum was €5 million to buy off shareholders. Some of the shareholders owed substantial moneys to IBRC. The essence of the debate is that the Irish people were caught for €110 million to bail out Siteserv. It is borrowed money and they will pay interest on it. The...

Seanad: Appointment of Receivers: Motion (6 May 2015)

Kathryn Reilly: ...failed mortgage-to-rent scheme which in some counties has had no participants. The list, as many agree, is endless. The Government has completely failed to protect mortgage holders such as those with IBRC and others from vultures. The use of vulture funds to take over the loan books of banks or NAMA properties is the dirty little secret. Worst of all, we have seen the removal of the...

Written Answers — Department of Finance: IBRC Operations (6 May 2015)

Billy Kelleher: 126. To ask the Minister for Finance prior to the appointment of a person (details supplied) to investigate the Siteserv sale and report to him and the Houses of the Oireachtas, if he requested information on the number of liquidations, receiverships and examinerships that were carried out by that person that Arthur Cox Solicitors had acted on for KPMG in the period 2007 to 2015; if so, the...

Written Answers — Department of Finance: IBRC Operations (6 May 2015)

Michael McGrath: 131. To ask the Minister for Finance the payment, in cents per share, made to shareholders in Siteserv, as a result of the €5m distribution as part of the write-off of €10 million by the Irish Bank Resolution Corporation; and if he will make a statement on the matter. [17371/15]

Written Answers — Department of Finance: Departmental Meetings (6 May 2015)

Michael Noonan: As per the then Secretary General of the Department of Finance's diary for August 2012, he was scheduled to meet the former CEO of IBRC on 1 August 2012 and 2 August 2012. From the records of the meetings, it appears that it was only the two individuals mentioned that were present and there was no other official from my Department present to take minutes of the meetings. While no formal...

Written Answers — Department of Finance: IBRC Loans (6 May 2015)

Catherine Murphy: 156. To ask the Minister for Finance if he will confirm that the Irish Bank Resolution Corporation, up to the time of its liquidation, was recovering 100% of loans repaid by a person (details supplied); whether this person had any outstanding loan balances after the corporation went into liquidation; if the special liquidator received a 100% repayment of these loans, of if the special...

Written Answers — Department of Finance: IBRC Operations (6 May 2015)

Micheál Martin: 163. To ask the Minister for Finance if he is aware that the Irish Bank Resolution Corporation engaged a company (details supplied) to do work, without going through normal procurement procedures; if there were reasons given for this; and if any action was taken by his Department. [17709/15]

Spring Economic Statement (Resumed) (30 Apr 2015) See 2 other results from this debate

Bernard Durkan: Absolutely. Nobody refers to it on that side of the House. It is one of the things we have had to live with. During the period of doubt about the IBRC and other institutions, I was the recipient of countless phone calls from small savers on a daily basis who were inquiring about what they should do with their few shillings. They said they had been saving for a few years and asked if they...

Leaders' Questions (Resumed) (30 Apr 2015) See 5 other results from this debate

Alex White: .... In respect of the issue Deputy Tóibín raised, the review that has been announced by the Minister for Finance, as he well knows, will cover transactions that resulted in a capital loss to IBRC of at least €10 million during the period concerned, or that are specifically identified by the special liquidator as likely to give rise to potential public concern in respect...

Written Answers — Department of Finance: IBRC Loans (30 Apr 2015)

Lucinda Creighton: 69. To ask the Minister for Finance if, as part of the review of the Irish Bank Resolution Corporation’s commercial dealings, the interest rate charged on loans to large borrowers who were not in arrears will be investigated; and if he will make a statement on the matter. [17106/15]