Oireachtas Joint and Select Committees

Tuesday, 22 June 2021

Public Accounts Committee

Business of Committee

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

We can do that. A reply from the OPW has just come in and it will be on the list for next week. The Deputy might wait until next week to have sight of that reply first. Unfortunately, we do not have it here this morning. It has just arrived. The Deputy will recall our report contained five recommendations regarding the OPW, some of which cover the items she mentioned. Regarding the forecasted lost of €10 million, the committee set out a clear recommendation under recommendation 1 of its report. The recommendation states:

The Committee recommends that the Office of Public Works takes all necessary steps to prevent the forecasted lost of approximately €10 million and that the OPW ensures that it has appropriate qualified staff to manage its property transactions on behalf of the State. The Committee also requests that it is provided with quarterly updates in relation to this matter.

The Deputy will recall in terms of the OPW's meeting with the landlord, much of it depends on, hopefully, some goodwill from the landlord regarding the wrong calculations in the size of the building.

This is simply to bring that recommendation to the attention of the Comptroller and Auditor General and committee members. We have correspondence on this and can revisit it next week.

No. 652 is from Deputy John McGuinness, Cathaoirleach of the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach, dated 15 June. The committee Cathaoirleach, Deputy McGuinness, is seeking cross-committee support for the following motion, which concerns the establishment of a future of banking forum:

The Committee on Finance, Public Expenditure and Reform, and Taoiseach calls for the establishment of a Future of Banking Forum to assess the current state of the Irish banking sector, North and South, the challenges it faces, and policy options that are available to secure its future in a manner that serves the interests of consumers, financial stability and fair competition, including the development of a public banking system to help meet the needs of society. This forum should include, but not be limited to, the Departments of Finance, the Central Bank of Ireland, the Financial Services Union, business organisations, farming organisations, trade unions, and other relevant stakeholders. This Committee calls for this forum to be established and convene before the end of 2021.

The question is whether this committee wishes to lend its support for the motion. I will open this to the floor for further consideration.

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