Oireachtas Joint and Select Committees
Thursday, 6 July 2017
Public Accounts Committee
2015 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 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015
9:00 am
Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source
On page 18 of the Appropriation Account 2015, Vote 7 - Office of the Minister for Finance, note 6.3 refers to contingent liabilities in respect of ongoing litigation relating to the Irish Bank Resolution Corporation, IBRC, Permanent TSB, PTSB, and some third party warranties and indemnities provided in connection with the sale of Irish Life Limited, the disposal of the Bank of Ireland contingent capital notes, the disposal of the preference shares in Bank of Ireland and the liquidation of IBRC. How does referring to these liabilities without indicating their monetary value serve the interests of openness?
No comments