Oireachtas Joint and Select Committees

Thursday, 28 February 2013

Public Accounts Committee

Business of Committee

10:00 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

It will be of interest to the parties who will want to see that. It will be noted and published.

No. 3C is correspondence re documents relating to today's committee meeting. No. 3C.1 is correspondence, dated 22 February 2013, from Mr. Seán Ó Foghlú, Secretary General of the Department of Education and Skills, re briefing paper on matters to be considered at this meeting, to be noted and published. No. 3C.2 is correspondence, dated 26 February 2013, from Mr. Seán Ó Foghlú, Secretary General of the Department of Education and Skills, re correspondence received 27 February 2013, from the Department of Education and Skills in Cork, to be noted and published. No. 4 is reports, statements. None has been received to date. No. 5 is our work programme which is on the screen.

Next week, officials from the Department of Finance will appear before the committee. We had agreed at our private meeting on Wednesday, 13 February, that a committee report would be drafted to cover the entire bank stabilisation process from 2007 onwards, as outlined in each of the reports of the Comptroller and Auditor General for the accounts of the years since 2008. Much of the banks stabilisation process will have come full circle with the ending of the guarantee which was announced this week and the recent decision on the liquidation of IBRC and the sale of Irish Life. Next week's meeting with the Accounting Officer of the Department of Finance will give the committee an opportunity to examine these latest developments and bank stabilisation. Following on from that it is important that we capture and report to the Dáil on the work of the Committee of Public Accounts on this issue. In that regard we also have in our possession the papers and records of the Department of Finance for the period leading up to the decision to introduce the bank guarantee in 2008. Our report will also be of assistance to any forthcoming inquiry that may be put in place into the financial collapse into the banking issue. The clerk and the secretariat will continue their work on the matter which will use all the documentation which was forwarded to Members, that is, the lever arch folder-----

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