285. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 50 of 9 of May 2013, if he will explicitly confirm whether the entities referred to in the answer concern the Irish Bank Resolution Corporation wealth management entities; if he will confirm the total euro nominal amount of loans IBRC has provided to borrowers for assets that are in the IBRC wealth management unit; if he is concerned that a sale of assets which are not wholly or majority owned on the equity side by IBRC's wealth management business could reduce the value of the loans provided against the asset sold if the asset is sold below the principal value of the loan outstanding on that asset; if he will confirm whether the special Liquidator has the power to discharge personal guarantees for loans for assets that are in IBRC’s wealth management business but are not wholly or majority owned by IBRC and where that equity interest in the asset is sold rather than the loan; and if he will make a statement on the matter. [24322/13]

Summary

285. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 50 of 9 of May 2013, if he will explicitly confirm whether the entities referred to in the answer concern the Irish Bank Resolution Corporation wealth management entities; if he will confirm the total euro nominal amount of loans IBRC has provided to borrowers for assets that are in the IBRC wealth management unit; if he is concerned that a sale of assets which are not wholly or majority owned on the equity side by IBRC's wealth management business could reduce the value of the loans provided against the asset sold if the asset is sold below the principal value of the loan outstanding on that asset; if he will confirm whether the special Liquidator has the power to discharge personal guarantees for loans for assets that are in IBRC’s wealth management business but are not wholly or majority owned by IBRC and where that equity interest in the asset is sold rather than the loan; and if he will make a statement on the matter. [24322/13]

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Timeline

1. 21 May 2013

   IBRC Liquidation

   285. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 50 of 9 of May 2013, if he will explicitly confirm whether the entities referred to in the answer concern the Irish Bank Resolution Corporation wealth management entities; if he will confirm the total euro nominal amount of loans IBRC has provided to borrowers for assets that are in the IBRC wealth management unit; if he is concerned that a sale of assets which are not wholly or majority owned on the equity side by IBRC's wealth management business could reduce the value of the loans provided against the asset sold if the asset is sold below the principal value of the loan outstanding on that asset; if he will confirm whether the special Liquidator has the power to discharge personal guarantees for loans for assets that are in IBRC’s wealth management business but are not wholly or majority owned by IBRC and where that equity interest in the asset is sold rather than the loan; and if he will make a statement on the matter. [24322/13]

   Source: written

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• IBRC Liquidation

  xml · EN · 21 May 2013

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

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