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 Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

I did not ask about that. Even in the original relationship framework, there is a piece outlining that certain matters are "deemed reserved" for the Minister, etc. There is reference to "keeping an eye" on the establishment of varying of any transaction or arrangement between Anglo Irish Bank and a director, a former director or any connected person of a director or former director on terms other than normal commercial arm's length terms agreed in the ordinary course of business. In the original framework, there was such knowledge. We live in a small country and people operate in small networks, and there was to be an eye given to the potential conflicts and relationships at play.

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