A retired High Court judge has been appointed to monitor any possible conflicts of interest during the review of the sale of SiteServ.

Justice Iarfhlaith O'Neill will oversee the review of transactions being carried out by IBRC's liquidators.

Minister for Finance Michael Noonan has said it will look at the Siteserv transaction and other deals undertaken by IBRC between 21st January 2009, the date of its nationalisation, and February 7th 2013, the date of the appointment of the Special Liquidators to IBRC.

The review will cover transactions that resulted in a capital loss to IBRC of at least €10m during that period; or are specifically identified by the Special Liquidator as likely to give rise to potential public concern, in respect of the ultimate returns to the taxpayer.

Mr Noonan has also announced the Terms of Reference for a review of certain transactions carried out by IBRC, prior to the appointment of the Special Liquidators.

From the outset, opposition TDs had rejected plans for IBRC's loss-making transactions to be reviewed by the bank's liquidators.

Objections were due to the liquidators being from KPMG, which helped to oversee the sale of SiteServ's assets to Denis O'Brien's firm Millington - and also because one of the liquidators, Kieran Wallace, was the liquidator of SiteServ after the Millington deal was finished.

In order to counter that, this evening Michael Noonan has confirmed details of the internal inquiry he'll ask the liquidators to complete.

Alongside that he has announced that a retired High Court judge, Iarfhlaith O'Neill, will oversee the review being carried out by those liquidators.

He will monitor the review to check any potential or perceived conflicts of interest in the review, to make sure the people running it don't end up reviewing any transactions in which they were themselves involved.

The review will look into whether SiteServ or any of the other deals, where the former Anglo lost over €10m, were "not commercially sound".