IBRC and FSPO cases
John McGuinness asked that outstanding FSPO, Central Bank and IBRC-related cases be considered in new legislation and resolution arrangements. The Taoiseach asked for a note and said he would raise the matter with the Minister for Finance.
Before the general election, the Department of Finance was in the process of drafting legislation to wind down IBRC and a discussion was held at the finance committee regarding the Butler family, who had difficulties with their particular loan and circumstances. I note that the draft legislation suggests that the Financial Services and Pensions Ombudsman, and the complaints that that office has, will be transferred to a resolution office. Will the Taoiseach ensure that the outstanding cases before the FSPO or the Central Bank are included for consideration before the IBRC special liquidator is wound down? It is essential that those who are claiming fraud and misconduct are heard and the Central Bank is aware of that particular case.
Comment on this
I thank the Deputy for raising the issue. Perhaps he can send me a note on it. I presume the Minister for Finance is aware of the case. I will speak to the Minister for Finance in respect of the content of the Bill and in terms of the inclusion in the resolution office of all outstanding issues to which the Deputy has alluded.