Oireachtas Joint and Select Committees

Wednesday, 13 November 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform

Freedom of Information Bill 2013: Committee Stage (Resumed)

5:30 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

I can give Deputy Stephen S. Donnelly one case that this committee would deal with. There are requirements under law regarding information on bank statistics and targets which are subject to omerta because of stock exchange rules. For example, when we were looking for the banks to come before the committee in July after the targets had been set, we could not see them until September owing to stock exchange and company law. One could argue that because AIB is under State control, one should be able to request those statistics under FOI legislation, but there is a requirement in law that does not allow one to receive that information. This committee which was anxious to see the banks could not see the statistics until September because of the same requirement.

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