Oireachtas Joint and Select Committees

Wednesday, 21 September 2022

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

Banking Issues: Discussion (Resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Hang on a second. I am just pulling the Minister up on this here. The Department was made aware of this before the board met. Let us deal with accuracy here. I have done the freedom of information request. I know the communication that the Department received on the Friday; it was the press release that was issuing. Let us be fair. The CEO came in here and told us that the board pack went to the Department. The official either did not read that or did not understand its significance. However, the Department was informed of this issue at that point in time along with many other issues that were coming before the board. If that is not the case - if the Department was not informed and that was not contained in the board pack - the Minister may dispute that but he should not say that it was "the Friday beforehand" because that is not the case. The board pack is sent to the Minister because he is the majority shareholder in the bank. It is part of the relationship framework. It is for him to exercise the right under that framework to raise issues if that is deemed necessary. The official was made aware of it. Is the Minister telling me that his official failed to inform him of this issue at the time?


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