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 ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

This is no game. I am not asking the witness to go through the document but I am referring to it because it is on my desk and the witnesses' desk. It clearly put the cat among the pigeons. That somebody would have to take a case to ensure accountability is a serious indictment of the failure of the Department of Finance to show it is open and accountable. These are simple declarations. The witnesses have acknowledged two of them and the Department must account for that. Surely that should be part of the process. The Chairman has already picked up the point about commercial sensitivity.

Let us spell out what we are talking about. It is what I hope will be a once-off liquidation of this nature. It refers to Anglo Irish Bank and Irish Nationwide Building Society. Is that correct? I like clear language. We are talking about Anglo Irish Bank and Irish Nationwide Building Society in this new entity in liquidation. Is that right?

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