Oireachtas Joint and Select Committees

Wednesday, 10 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Quinn Insurance and Insurance Compensation Fund: Discussion

2:40 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I say to Mr. McAteer that I am astounded at the level of fees that have been paid for what, on the surface, appears to have been a job not very well done. The original estimate was almost one third of what the final call from the insurance fund will be. It strikes me as very bad value for the taxpayer. Will Mr. McAteer review those fees? Does the Department or the Central Bank have any comments to make on what, in my view, are exorbitant fees paid to a professional firm and firms engaged by Mr. McAteer for a job that has not been done well?

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