Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
3:20 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
I thank Mr. Wallace, Mr. Richardson and Ms Nolan for attending the meeting. KPMG was auditor of INBS in the time running up its collapse and KPMG advised the Government that it would have to pay north of €5 billion into the building society. Mr. Wallace, in reference to himself and Mr. Richardson earlier, stated: "We have no experience selling loan books whatsoever." He has no electoral mandate obviously to act in the public interest. Based on that, does he think it is appropriate that he should be making decisions that are harming tens of thousands of Irish citizens?
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