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
11:20 am
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
Can Mr. Corrigan answer one question? Why, with the resources it has, would the NTMA not have been able to do its own check on the share prices achieved? The range agreed in the implementation shortfall clearly fell within the material range. Therefore, the basic structure facilitated what happened. Is the NTMA considering changing the process with regard to the implementation shortfall? If the material range had not been agreed on day one, the €2.61 million shortfall would have been picked up. However, the fact that range was allowed ensured the shortfall would not be picked up using the implementation shortfall formula. Does Mr. Corrigan understand my question?
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