253. Deputy Gerry Adams asked the Minister for Finance if he will confirm whether the sale of Irish Bank Resolution Corporation assets as consideration for redeeming the aggregate principal of National Assets Management Agency bonds means on a net basis the total cost on the Irish State from IBRC could be higher than the €25 billion estimated by the now former chairman of IBRC Alan Dukes in October 2012 if those assets were to be sold at the aggregate principal of NAMA bonds; if he will confirm if the special liquidator will have regard for the capital provisions that were in place prior to the liquidation of IBRC in the disposal of its assets; if he will publicly detail the total nominal independent valuation of the IBRC assets in advance of the asset disposals taking place; if he will detail the gap between the capital provisions for the assets that were in place prior to IBRC’s liquidation and the total nominal value of the assets after independent valuation.; and if he will make a statement on the matter. [8282/13]

Summary

253. Deputy Gerry Adams asked the Minister for Finance if he will confirm whether the sale of Irish Bank Resolution Corporation assets as consideration for redeeming the aggregate principal of National Assets Management Agency bonds means on a net basis the total cost on the Irish State from IBRC could be higher than the €25 billion estimated by the now former chairman of IBRC Alan Dukes in October 2012 if those assets were to be sold at the aggregate principal of NAMA bonds; if he will confirm if the special liquidator will have regard for the capital provisions that were in place prior to the liquidation of IBRC in the disposal of its assets; if he will publicly detail the total nominal independent valuation of the IBRC assets in advance of the asset disposals taking place; if he will detail the gap between the capital provisions for the assets that were in place prior to IBRC’s liquidation and the total nominal value of the assets after independent valuation.; and if he will make a statement on the matter. [8282/13]

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Timeline

1. 19 February 2013

   IBRC Liquidation

   253. Deputy Gerry Adams asked the Minister for Finance if he will confirm whether the sale of Irish Bank Resolution Corporation assets as consideration for redeeming the aggregate principal of National Assets Management Agency bonds means on a net basis the total cost on the Irish State from IBRC could be higher than the €25 billion estimated by the now former chairman of IBRC Alan Dukes in October 2012 if those assets were to be sold at the aggregate principal of NAMA bonds; if he will confirm if the special liquidator will have regard for the capital provisions that were in place prior to the liquidation of IBRC in the disposal of its assets; if he will publicly detail the total nominal independent valuation of the IBRC assets in advance of the asset disposals taking place; if he will detail the gap between the capital provisions for the assets that were in place prior to IBRC’s liquidation and the total nominal value of the assets after independent valuation.; and if he will make a statement on the matter. [8282/13]

   Source: written

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• IBRC Liquidation

  xml · EN · 19 February 2013

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• Gerry Adams · Asking member
• Finance · Finance · Addressed to

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