Harman Patil (Editor)

IBRC commission of investigation

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The IBRC commissionof investigationis a commission of investigation established by the Oireachtas under the Commission of Investigation (Irish Bank Resolution Corporation) Order 2015 passed by Dáil Éireann and Seanad Éireann on 10 June 2015 to investigate transactions of Irish Bank Resolution Corporation (IBRC). It is composed of the Chairperson and sole member, originally Mr Justice Daniel O'Keeffe, and subsequently Judge Brian Cregan. The original Chairperson Mr. Justice O’Keeffe informed the Government that, for personal reasons, he was unable to continue to act as Chairperson of the Commission; he was replaced by Judge Brian Cregan, a judge of the High Court.

Cost and timing

The Commission will be fully resourced and have its own staff. It will cost an estimated €4 million for 2015.

Although the original term was that the Commission should report by 31 December 2015, the Taoiseach almost immediately stated that it might extend beyond that period but an interim report would be expected by December 2015.

References

IBRC commission of investigation Wikipedia