Oireachtas Joint and Select Committees
Thursday, 8 May 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
12:15 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
We wish Mr. Moran well. Let us develop that. Obviously, many good things have happened. Let us focus on the banking system. Will Mr. Moran offer his thoughts on where he sees the future for AIB, Permanent TSB and Bank of Ireland? Can he link that to the mortgage restructuring arrangements that are taking place and the fact that 50% of these appear to be in legal letter form? There is an issue in terms of remuneration. I am asking the questions that the person looking in wants asked. There is an issue with the large salaries of some of the chief executives of the banks. What is Mr. Moran's view on how to deal with that?
A commitment was given at the European Council meeting in July 2013 to the effect that the Council would consider the retrospective recapitalisation of the banks. Will Mr. Moran offer the committee his perspective on that? A significant amount of our national debt is tied into that area. Obviously, it could make a significant difference in terms of the burden. Will Mr. Moran outline his interaction with Morgan Kelly on the SMEs?
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