Oireachtas Joint and Select Committees
Thursday, 22 November 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
11:00 am
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
Was the information on the three individuals concerned received from State Street in the explanation provided when a senior executive of the company flew into Ireland to discuss this matter with the NTMA? Having notified the Garda of the matter, will the NTMA pursue a Garda investigation to bring it to a conclusion? Arising from this hearing, the NTMA should write to the FSA in the UK to determine how long its investigation will take.
As is obvious from Deputy Nolan's questions there is serious concern around the issue and the fact it continued to manage €900 million of taxpayers' money. While all of that may be safe, people would feel safer if definite explanations were given arising from what we have heard this morning.
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