Final Report of the IBRC Commission of Investigation

The IBRC Commission of Investigation was established in June 2015, following consultation with Oireachtas parties, to investigate certain transactions, activities and management decisions at the IBRC, beginning with the Siteserv transaction.

The Commission’s original deadline for reporting was 31 December 2015, but following requests from the Commission, and after consultation with Oireachtas parties, its timeframe for reporting was extended on multiple occasions.

The Commission’s report on the Siteserv transaction was received in July 2022 and it was subsequently published and debated in both the Dáil and Seanad.

In October 2022, the then Taoiseach accepted the Commission’s recommendation that it would serve no useful purpose to investigate the remaining 37 transactions covered by its Terms of Reference.

The Commission’s substantive work was complete at that stage and on 25 May 2023, it submitted its Final Report to the Taoiseach, which deals with the costs of the Commission as well as its reflections on, and suggestions for, reform of the commissions of investigation process generally.

The Government has now agreed to publish the Final Report and lay it before the Houses of the Oireachtas.

It has also agreed that the Minister for Justice, in consultation with the Oireachtas as appropriate, will consider the suggestions made by the Commission in its Final Report for reform of the commission of investigation process.

The full report can be downloaded by clicking on the below link.