Oireachtas Joint and Select Committees

Thursday, 23 March 2017

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

It can be included in the letter. Is that agreed? Agreed.

Nos. 344B and 351B (i) to (vii) are correspondence dated 16 March 2017 from Mr. Tony O'Brien in relation to records concerning the meeting on 2 February 2016. That has been circulated. Also circulated yesterday was a copy of the documentation released by the HSE under freedom of information. Both of those items relate to this afternoon's meeting and we will deal specifically with them then.

No. 347B is correspondence dated 10 March 2017 from Professor Philip Lane, Governor of the Central Bank, providing clarification on whether allegations made about a specified credit institution were forwarded to the European Central Bank and also providing an explanatory note on the processes and procedures involved in the transfer of certain assets. The correspondence is marked "private and confidential: subject to legal professional privilege". The clerk requested clarification on what the Central Bank means by that but I am now informed that our legal advisers have said we can note and publish that and send it back to the people concerned. There is reference to the eligible liability guarantee, ELA, scheme and constructive ambiguity is the way they describe how they manage the scheme. That is a new buzzword in government. I will let members interpret that as they wish.

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