Irish Bank Resolution Corporation (IBRC) Commission of Investigation

Publication of Fifteenth Interim Report and extension of deadline for reporting on legal costs

The IBRC Commission, whose sole member is Judge Brian Cregan, submitted its final report on the Siteserv transaction in July 2022 and its substantive work is now complete.

The Commission’s timeframe to finalise its work on the costs payable to witnesses who appeared before it was extended until 31 March 2023 but following a further formal request from the Commission under section 6 (6) of the Commissions of Investigation Act 2004, its timeframe for reporting on the legal costs has now been extended until 31 May 2023.

The Department of the Taoiseach has published the Commission’s Fifteenth Interim Report in which it requested the extension of its timeframe for reporting. Submission of such Interim Reports is a requirement under Section 33 (3) of the Act when an extension of a timeframe for reporting is requested by a Commission.