Oireachtas Joint and Select Committees

Thursday, 11 July 2019

Public Accounts Committee

Business of Committee

9:00 am

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

-----and we got it at 10 p.m. The criticism was that there was inadequate time for scrutiny before the Bill passed all Stages. In fact, the very point that was made was that we were missing things in the Bill by virtue of the fact that we did not have the time to scrutinise it properly and we were advised that it had to be adopted before the markets opened in the morning. It is very easy to miss things in such a scenario, which is important to say if we are saying the Oireachtas passed the legislation. In the normal course of events it is a court that supervises a liquidation. This is the biggest liquidation in the history of the State. The point the Chairman made is the point we have been trying to make, that is, that it is a matter of scrutiny and oversight. Let us consider the National Asset Management Agency, NAMA. The Comptroller and Auditor General audits NAMA and has a number of people within the agency with oversight of what is happening. This was Anglo Irish Bank and Irish Nationwide Building Society. While we are probably getting the best return available from anything that was disposed of, we do not have sight of that to the same extent as we have sight of-----

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