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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
It might be required in future legislation. Perhaps there should be an independent audit. The financial statements should be produced, rather than relying on a process which has court approval at the end, or in the case of the witnesses the Minister approving it. I understand the PMPA liquidation could have went on for over 30 years because people could claim up to the age of 18 and so the liquidation had to be kept open in case claims emerged over the lifetime of minors. Some liquidations can run for decades before they finish. I suspect we might be in that territory in this case.
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