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

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

It had an oversight function in regard to IBRC before that. Documents I received relating to that period indicate that several very large transactions were poorly executed. The Department did not cover itself in glory in respect of its supervision in that regard. Mr. Hynds can understand why consideration might have been given to ensuring some added protection, even for the Department. Was that considered?

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