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

Anglo Irish Bank brought the IOUs to the Central Bank. It looked on them as good collateral and said it could rely on the Government, and would give the bank money. Is that it? It has taken me a while to get my head around that, with the help of the Comptroller and Auditor General's report. The circular movement of money-----

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