Oireachtas Joint and Select Committees

Thursday, 18 October 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Governance and Regulation of Receivers: Discussion

9:30 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I will stop Mr. McKenna there because this is the nub of the thing. If someone is a receiver and an accountant, his accountancy regulator does not look at his work as a receiver. Mr. McKenna may be putting forward a case that someone who is regulated as an accountant must be an okay kind of person. I question that, too. We had the accountants during the bank collapse and they were not okay kinds of people. They certainly got their figures wrong, to put it at its mildest. Will the Department regulate receivers separately? They are going around the country like cowboys.

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