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 Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

As a result, there were fewer meetings. I am trying to understand the whole process and procedure around liquidation. We move resources when they are required. We have one liquidation specialist, two whole-time equivalents and a solicitor. It is less important to have those formal update meetings in 2017 because the Department is not as busy with that issue as was the case in 2016. It sounds very haphazard to me. That is why we should have the committee of inspection or whatever. Is there a defined process? Is what is supposed to happen written down anywhere in the Department or is it haphazard and generic? For example, what is the process if the Department has a problem with the number of partner hours being associated with a particular task? Does Mr. Carville ring Kieran Wallace or someone else in KPMG to say that he has a problem with something? Are there informal arrangements? Is it that simple? Is it informal or is a process defined?

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