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

12:45 pm

Mr. John Moran:

We have also put in place a whole system of direct recapitalisation. We are going back into the same environment as earlier. At the point at which we examine these various options as the shareholder, we could decide to put in more money. We could recycle money that we have taken out of other banks and say it is a good idea to put it in. I do not know whether the Deputy considers that to be going back to the taxpayer, in respect of the assets, but there has to be analysis at the time of what we believe the asset value to be and the best way to handle it.

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