Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Thank you, Chair. A couple of quick questions, Mr. Davitt. First of all I want to know ... can you outline briefly how IPAV is funded, what's the structure, how the organisation is run? And in relation to disciplinary procedures, what sanctions are available where a complaint is upheld - what sanctions are available to IPAV against its members? And, finally, in answer to one of my previous questions, I asked about the issue of undue influence possibly being brought to bear on valuers, and you said that sometimes maybe valuers might take calls, "Did you take such-and-such into account?" Is there any obligation on valuers that such calls be recorded or that they would be referenced in the final valuation report and, if not, do you think that the valuation report would benefit from such a record being kept?

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