Results 401-420 of 4,491 for speaker:John Perry

Public Accounts Committee: Business of Committee (14 May 2015)

John Perry: I think they would be quite willing to come in. Given what the Comptroller and Auditor General has said with regard to the draft Bill in 2006, perhaps we could look at that possibility.

Public Accounts Committee: Business of Committee (14 May 2015)

John Perry: The Chairman was on holidays.

Public Accounts Committee: Business of Committee (14 May 2015)

John Perry: The Chairman was on holidays.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: As with Deputy Fleming, I refer to impartiality, the appointment of the judge and to payment. I welcome Mr. Moran and his team. In referring to who is paying the appointee and to what his job will be, it would be wrong to make any inference about impartiality. The success of the liquidation of the IBRC to date has far exceeded the expectations at the time of the promissory note...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: Is it not a fact that the majority of the companies taken over were defunct companies with no potential? It is easy to look back with the benefit of hindsight, based on things having changed, but at the time in question one was looking at a very dormant, bleak balance sheet.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: I thank Mr. Reid. On the €1.85 billion which will ultimately be available for distribution to creditors, the witnesses might give the Chairman a note at some stage on who they have in mind for it.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: Ms Nolan referred to the end of March. Is the process over now?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: Has that figure been exceeded?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: I am glad to get the opportunity to put on record the success over the two years. We can always pick out exceptions but it is important to put on the record where we are coming from.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: Can the clerk be given a view on that when the cases are fully decided, or an observation?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: I have just three brief questions, which I will ask with the lenience of the Chair. I am glad to put my remarks on the record because people often take just one issue, which can have an impact on the perception of the success of the Department to date. I congratulate the witnesses on their success to date.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: My first question relates to the formal legal establishment of the IBRC on 1 July 2011. Can Ms Nolan please clarify the reference in submissions to the IBRC as having been in existence before 1 July 2011? Correspondence I have received implies it was in existence prior to that date.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: Clarification is important. IBRC was formed on 1 July 2011 to take over the bad bank parts of Anglo Irish Bank and Irish Nationwide Building Society. Is that correct?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: It was an essential part of a new policy initiative to wind down both banks. Is that correct?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: Given that the core assignment for IBRC was to deal with the toxic loan portfolios of both of these banks, can the witnesses tell the committee what relationship framework measures were put in place to manage the Department of Finance and the new IBRC, which was quite different? One must remember the timeframe. On 1 January 2009, Anglo Irish Bank was put into State ownership. On 31 March,...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: There is a huge difference.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: The information in the brief is adding to the storyline. I refer to the framework document, specifically regarding Irish Nationwide Building Society. These are all toxic debts in cases that were absolutely hopeless. Obviously, from 2009 up to that period, it was very much a loose arrangement, but from that date on, in the light of the scale of what was being taken over, was there much of a...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: Was there a record of it?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: That leads to my second question which relates to the information flow between IBRC and the Department. The document with responses to questions posed to the Minister for Finance in preparation for today's meeting of the committee states the shareholding management unit, SMU, within the Department was responsible for managing the day-to-day relationship with IBRC and that the SMU had daily...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John Perry: On the point about the importance of the Minister being fully and regularly briefed on key operations and other decisions, did that happen?