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:

We normally produce these in April-May every year. This is a voluntary document. There is no legal requirement for us to publish this document but we published four of them. This was the Department's idea in consultation with the Minister, Deputy Noonan, at the time in 2014. We felt it was a good idea to provide transparency. There is a huge amount of detail in these documents. The latest one is probably lighter than the other ones because there is less work going on now. When we were going through the various loan sale processes, there was a huge wealth of detail in these documents. While I respect what the Deputy is saying, these are voluntary documents. We did not have to produce them and had no obligation whatsoever to do so, and we did.

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