The Odyssey Pavilion in Belfast, which has been put up for sale for £10m (€12.5m) on the instruction of administrator KPMG, will trigger a multimillion euro loss for the IBRC.

A High Court judge has stressed the need for urgent reform and regulation of banks and the markets following “heedless lending behaviour” that has caused “fathomless damage” to the economy.

British lap-dancing club supremo Peter Stringfellow is reportedly planning to open an "up-market" lap-dancing club in Dublin.