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 MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

There is actually nothing similar to big corporates and the banks in these circumstances given that they would not exist if it were not for money that was put in by the National Pensions Reserve Fund and borrowings for which we are going to pay. Therefore, there is a very big difference and it does not appear that there is a Statute of Limitations, even uniquely on the banks, in respect of losses, which seems extraordinary given the investment that was made in the main by citizens, including those who have not even been born yet.

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