Fianna Fáil Spokesperson on Finance Michael McGrath has said the party is extremely concerned by the continued secrecy being applied by the Finance Minister in relation to basic information about the Irish Banking Resolution Corporation (IBRC).

Deputy McGrath was commented after receiving a reply to a Parliamentary Question from Minister Noonan relating to information on IBRC and whether it was received by his department.

Deputy McGrath said: “I wrote to Minister Noonan in the past week seeking clarity on whether the minutes of IBRC’s Credit Committee were included in the monthly packs of information sent by the bank to his Department and if so, from what date was this information first received. These are basic questions that should be answered on the record of the Dáil but instead Minister Noonan is hiding behind the IBRC Commission of Investigation, informing me yesterday that “it would be inappropriate for me to comment publicly in respect of information received from IBRC in relation to the various transactions under review.”

“Is the Minister seriously suggesting that he will not be answering any questions on anything to do with IBRC, possibly for the rest of the lifetime of this Dáil? This is an extremely serious matter and I intend writing to the Ceann Comhairle to seek an independent ruling as to whether this in fact constitutes a refusal to answer Dáil questions.

“It is important to point out that I did not ask Minister Noonan to release any documentation held within his Department, I simply sought to ascertain if it was received there in the first place. The information held within the Department will be extremely useful for the Commission of Investigation into IBRC but the idea that the Dáil, which used its authority to establish the independent Commission, would now be kept in the dark is extremely worrying and further undermines the role of the Dáil in holding Ministers and the Government to account.”