Oireachtas Joint and Select Committees

Thursday, 7 October 2021

Public Accounts Committee

2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020

9:30 am

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

I will ask Mr. O'Kelly to confirm his clarification so that we can be absolutely clear. I expected that would be the explanation. It is fair enough. I just wanted to clarify it for the public. The public will see this depreciation in the value of these funds. To be absolutely clear, Mr. O'Kelly is saying that there is no avenue whereby that €14.02 billion could have been protected so that it would not lose anything and would remain at a standstill. To be totally clear, is that what Mr. O'Kelly is saying?

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