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
11:50 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
Okay. I have been genuinely impressed by the forthright way Mr. Corrigan has elaborated on the context of this and on the discussion he has with State Street. It is to his credit and to that of his organisation. I am, however, struggling to reconcile in my mind the manner in which he described it.
The NTMA speculated on internal collusion in an organisation but we continue to do business with it. Mr. Corrigan has stated he wishes to leave the matter as it is. I will respect that view. However, it will definitely be an issue of continuing interest to the committee.
On the more general engagement with the market, Deputy O'Donnell raised some points in his contribution. How critical is a bank deal to our successful re-entry to the financial markets?
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