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

"That, Sir, is as good as cash. I will tell you as soon as it suits me to tell you." Mr. Carville is professionally sceptical; that is his training as an accountant. He studied for many years and was the top of the class. We are trying to be professionally sceptical, but what we are seeing is that there is no defined process and that there are no procedures. We took out the bit that existed in law, in the Companies Acts, in respect of the committee of inspection and are taking refuge in commercial sensitivity. Mr. Carville as much as admitted to me that the concept of commercial sensitivity will still apply.

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