75. Deputy Catherine Murphy asked the Minister for Finance further to Parliamentary Question No. 30 of 4 February 2015, the reason he stated in his reply that the sale of an entity by Irish Bank Resolution Corporation prior to its liquidation (details supplied), which resulted in a net loss to IBRC of approximately €105 million, did not meet the financial thresholds which trigger mandatory consultation with the State under Paragraph 4 of the operational protocol for the relationship framework which governed interactions between himself as Minister and IBRC, even though those thresholds clearly state that any adverse impact on the total capital of IBRC of €100 million or more should do so; if he will account for the reason no such consultation took place in this instance; if he received any representations regarding this sale from any of the parties involved; if so, if he will provide the dates and names of parties concerned; and if he will make a statement on the matter. [9582/15]

Summary

75. Deputy Catherine Murphy asked the Minister for Finance further to Parliamentary Question No. 30 of 4 February 2015, the reason he stated in his reply that the sale of an entity by Irish Bank Resolution Corporation prior to its liquidation (details supplied), which resulted in a net loss to IBRC of approximately €105 million, did not meet the financial thresholds which trigger mandatory consultation with the State under Paragraph 4 of the operational protocol for the relationship framework which governed interactions between himself as Minister and IBRC, even though those thresholds clearly state that any adverse impact on the total capital of IBRC of €100 million or more should do so; if he will account for the reason no such consultation took place in this instance; if he received any representations regarding this sale from any of the parties involved; if so, if he will provide the dates and names of parties concerned; and if he will make a statement on the matter. [9582/15]

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• IBRC Operations

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