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
10:40 am
Ms Ann Nolan:
The Minister met all the boards and said he felt they should take a more active role in looking at the mortgages and SMEs. He believes the public interest directors should do that, but they do not report directly to him. There is not a legal line allowing him to seek reports that would be submitted directly to him. The legal position is that they are appointed by the Minister, but it is not a reporting relationship.
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