Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
12:50 pm
Mr. John Moran:
No. There are two issues involved. We report on the basis of covered banks. Often deposits so categorised in the IFSC can impact on the numbers.
Another important dynamic in the system is the value of sterling. Over the course of the year, the number I have in my head is an increase of 9%.
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