Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

9:00 am

Mr. Des Carville:

To be crystal clear, if I believed that I did not have enough staff, I would make my views on it known within the Department. I am satisfied that we have enough staff to deal with what we must do.

The 175 cases are managed by the special liquidators and legal advisers. That was the number at the end of last year. I will cite two figures. One hundred and forty-three cases were pursued against the bank rather than the other way around. As of yesterday, the 175 cases have decreased to 119. The special liquidators are doing their job, that is, managing the way through to litigation. From memory, the figure prior to 175 might have been as high as 500. I have in mind a figure of 350. The number has decreased rapidly.

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