Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Public Accounts Committee

2013 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 2013
Chapter 2 - Government Debt and Finance Accounts 2013

10:00 am

Photo of John PerryJohn Perry (Sligo-North Leitrim, Fine Gael) | Oireachtas source

The brief we received in reply to questions states the shareholding management unit in the Department was responsible for managing the day-to-day relationship with IBRC. The SMU had daily instructions with the senior management team in the bank on a wide variety of issues, including the bank's performance, progress in deleveraging and the various consent and consultation requests which arose. The reply also states formal monthly meetings were held between the SMU and senior management at the bank. Did the SMU take notes on these interactions and is there any documentation on them in the Department of Finance?

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