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

We are here today at a point where the Department is facing a High Court action to bring accountability. The witness will answer that. I agree with colleagues that I see absolutely no reason it cannot be answered now. The very reason we are here is to see if there was value for money in the general banking stabilisation measures and, within that, the liquidation process. I have no idea why none of the gentlemen present can answer that today. It would short-circuit the High Court action. They have clearly said there was supervision and everything was in place. I see absolutely no commercial sensitivity in this. In any event, it will have to be explained in an open affidavit very soon that we will all be able to read.

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