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IBRC Commission Of Investigation
The IBRC commission of investigation is an Irish government commission of investigation to look into the transactions of Irish Bank Resolution Corporation (IBRC) that led to its failure. The commission was 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 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. Terms of Reference The Commissions term of reference were to investigate all transactions by IBRC between 21 January 2009 and 7 February 2013 which resulted in a capital loss to IBRC of at least €10,000,000 ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commission Of Investigation (Ireland)
MoIn the Republic of Ireland, a commission of investigation is a statutory commission established under the Commissions of Investigation Act 2004 to investigate a matter of "urgent public concern". A commission of investigation is a less expensive but less powerful alternative to a tribunal of inquiry. Commissions of investigation may take evidence in private, whereas tribunals of inquiry are held in public. In 2017, the Fine Gael-led government planned to have Peter Charleton chair a commission into the Garda whistleblower scandal; opposition demands led it to change this to a tribunal. The Commission to Inquire into Child Abuse The Commission to Inquire into Child Abuse (CICA) was one of a range of measures introduced by the Irish Government to investigate the extent and effects of abuse on children from 1936 onwards. Commencing its work in 1999, it was commonly known ... had been established in 2000 by a specific Act of the Oireachtas, with further acts passed subsequentl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Bank Resolution Corporation
The Irish Bank Resolution Corporation (IBRC) was the name given to the entity formed in 2011 by the court-mandated merger of the state-owned banking institutions Anglo Irish Bank and Irish Nationwide Building Society. Following a High Court order on the application of the Minister for Finance, Michael Noonan, the Irish government drove through overnight legislation to liquidate the IBRC in February 2013, with the emergency action required given a leaking of plans in the press. History Irish Nationwide Building Society (INBS) had been effectively nationalised in August 2010, after receiving a €5.4bn government bailout., while Anglo Irish Bank had been taken into state ownership in January 2009. The two institutions had been widely criticised for their role in the risky lending practices that led to the Irish banking crisis. The removal of both failed banks from the Irish banking system was a key objective for the new Fine Gael-led government. Michael Noonan, the Minister fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oireachtas
The Oireachtas (, ), sometimes referred to as Oireachtas Éireann, is the Bicameralism, bicameral parliament of Republic of Ireland, Ireland. The Oireachtas consists of: *The President of Ireland *The bicameralism, two houses of the Oireachtas ( ga, Tithe an Oireachtais): **Dáil Éireann (lower house) **Seanad Éireann (upper house) The houses of the Oireachtas sit in Leinster House in Dublin, an eighteenth-century Duke, ducal palace. The directly elected Dáil is by far the more powerful branch of the Oireachtas. Etymology The word comes from the Irish language, Irish word / ("deliberative assembly of freemen; assembled freemen; assembly, gathering; patrimony, territory"), ultimately from the word ("freeman"). Its first recorded use as the name of a legislative body was within the Irish Free State. Composition Dáil Éireann, the lower house, is directly elected under universal suffrage of all Irish citizens who are residents and at least eighteen years old. An election i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dáil Éireann
Dáil Éireann ( , ; ) is the lower house, and principal chamber, of the Oireachtas (Irish legislature), which also includes the President of Ireland and Seanad Éireann (the upper house).Article 15.1.2º of the Constitution of Ireland reads: "The Oireachtas shall consist of the President and two Houses, viz.: a House of Representatives to be called Dáil Éireann and a Senate to be called Seanad Éireann." It consists of 160 members, each known as a (plural , commonly abbreviated as TDs). TDs represent 39 constituencies and are directly elected for terms not exceeding five years, on the system of proportional representation by means of the single transferable vote (PR-STV). Its powers are similar to those of lower houses under many other bicameral parliamentary systems and it is by far the dominant branch of the Oireachtas. Subject to the limits imposed by the Constitution of Ireland, it has power to pass any law it wishes, and to nominate and remove the Taoiseach (head of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seanad Éireann
Seanad Éireann (, ; "Senate of Ireland") is the upper house of the Oireachtas (the Irish legislature), which also comprises the President of Ireland and Dáil Éireann (the lower house). It is commonly called the Seanad or Senate and its members senators (''seanadóirí'' in Irish, singular: ''seanadóir''). Unlike Dáil Éireann, it is not directly elected but consists of a mixture of members chosen by various methods. Its powers are much weaker than those of the Dáil and it can only delay laws with which it disagrees, rather than veto them outright. It can introduce new legislation. It has been located, since its establishment, in Leinster House. Composition Under Article 18 of the Constitution, Seanad Éireann consists of 60 senators, composed as follows: * Eleven nominated by the Taoiseach. * Six elected by the graduates of certain Irish universities: ** Three by graduates of the University of Dublin. ** Three by graduates of the National University of Ireland. * Forty- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel O'Keeffe (judge)
Daniel O'Keeffe, styled as Mr Justice Daniel O'Keeffe, was chairperson of the Standards in Public Office Commission from 11 February 2014 until 10 February 2020. He is a former Judge of the High Court (2008-2013). As Chairman of the Standards in Public Office Commission, he was also an ex-officio member (Commissioner) of the Commission for Public Service Appointments. He is also a member of the Inquiry Panel appointed by the Central Bank of Ireland. He was Chairman of the Irish Takeover Panel from 1997 to 2008. He was Chairman of the Second Report of the Public Service Benchmarking Body which reported to the Minister for Finance in 2007. Education and career Born in Ennis, Co. Clare in 1943, he was educated at Clongowes Wood College. He was called to the Bar in 1964 having graduated from University College Dublin University College Dublin (commonly referred to as UCD) ( ga, Coláiste na hOllscoile, Baile Átha Cliath) is a public research university in Dublin, Irel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brian Cregan
Brian Cregan (born 1961) is an Irish judge who currently serves as Judge of the High Court and is the chairperson of the IBRC commission of investigation. Early career Cregan attended Gonzaga College. He attended St John's College, Oxford and the King's Inns. He became a barrister in 1990 and a senior counsel in 2004. His practice focused on competition law and commercial law. He has represented Seán Quinn in the High Court in disputes against Anglo Irish Bank. Judicial career He was appointed to the High Court in April 2014. Cregan presided over cases in the Commercial Court. He has heard cases involving intellectual property law, procurement law, defamation, insolvency law, and consumer law. He adjudicated a dispute between Rory McIlroy and his management company Horizon Sports Management in 2015. He was responsible for introducing a three strikes policy for Irish internet service provider UPC Ireland for piracy of copyrighted works by its customers. IBRC Comm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High Court (Ireland)
The High Court ( ga, An Ard-Chúirt) of Ireland is a court which deals at first instance with the most serious and important civil and criminal cases. When sitting as a criminal court it is called the Central Criminal Court and sits with judge and jury. It also acts as a court of appeal for civil cases in the Circuit Court. It also has the power to determine whether or not a law is constitutional, and of judicial review over acts of the government and other public bodies. Structure The High Court is established by Article 34 of the Constitution of Ireland, which grants the court "full original jurisdiction in and power to determine all matters and questions whether of law or fact, civil or criminal", as well as the ability to determine "the validity of any law having regard to the provisions of this Constitution". Judges are appointed by the President. However, as with almost all the President's constitutional powers, these appointments are made on "the advice of the Governm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Asset Management Agency
The National Asset Management Agency (NAMA; ga, Gníomhaireacht Náisiúnta um Bhainistíocht Sócmhainní) is a body created by the government of Ireland in late 2009 in response to the Irish financial crisis and the deflation of the Irish property bubble. NAMA functions as a ''bad bank'', acquiring property development loans from Irish banks in return for government purple debts bonds, ostensibly with a view to improving the availability of credit in the Irish economy. The original book value of these loans was €77 billion (comprising €68bn for the original loans and €9bn rolled up interest), and the original asset values to which the loans related was €88bn, with there being an average Loan To Value of 77% and the current market value is estimated at €47 billion. NAMA is controversial, with politicians (who were in opposition at the time of its formation) and some economists criticising the approach, including Nobel Prize-winning economist Joseph Stiglitz who has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Finance (Ireland)
The Minister for Finance ( ga, An tAire Airgeadais) is a senior minister in the Government of Ireland. The Minister for Finance leads the Department of Finance and is responsible for all financial and monetary matters of the state; and is considered the second most important member of the Government of Ireland, after the Taoiseach. The current office holder is Michael McGrath, TD. Overview The Minister for Finance holds the second most important ministerial position in the Irish Cabinet after that of the Taoiseach. He or she is in charge of the Department of Finance responsible for all financial matters in the Republic of Ireland. It is one of three positions in the government which the Constitution requires to be held by a member of Dáil Éireann, the other two being Taoiseach and Tánaiste. Many Ministers who have held the Finance portfolio have gone on to become Taoiseach, including Jack Lynch, Charles Haughey, Albert Reynolds, John Bruton, Bertie Ahern and Brian Cowen. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taoiseach
The Taoiseach is the head of government, or prime minister, of Republic of Ireland, Ireland. The office is appointed by the president of Ireland upon the nomination of Dáil Éireann (the lower house of the Oireachtas, Ireland's national legislature) and the office-holder must retain the support of a majority in the Dáil to remain in office. The Irish language, Irish word ''Wiktionary:taoiseach, taoiseach'' means "chief" or "leader", and was adopted in the 1937 Constitution of Ireland as the title of the "head of the Government or Prime Minister". It is the official title of the head of government in both English and Irish, and is not used for the prime ministers of other countries, who are instead referred to in Irish by the generic term ''príomh-aire''. The phrase ''an Taoiseach'' is sometimes used in an otherwise English-language context, and means the same as "the Taoiseach". The current Taoiseach is Leo Varadkar, Leo Varadkar TD, leader of Fine Gael, who again took offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
