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
10:50 am
Derek Nolan (Galway West, Labour) | Oireachtas source
This specific incident relates to transition 14, which is what it is called in the reports. The NTMA asked State Street to review some other engagements it had with it, specifically transitions 3 and 4. State Street wrote back to say it was satisfied that transitions 3 and 4 were done correctly. When the NTMA subsequently reviewed the matter, it was unhappy with the transactions in question. It informed State Street that it had a problem with one of these transactions. What was the issue in that case? What is the status of the investigation in this instance?
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