Oireachtas Joint and Select Committees
Thursday, 23 February 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General - Chapter 14: Assessment and Collection of Insurance Compensation Fund Levies
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer
9:30 am
Paul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source
Does Mr. Molloy, as the manager of the fund, accept that he effectively handed money over but he did not have any real control over it? The Central Bank was not party to the settlement. Were any conditions put in place in handing the money over to ensure that we would have some transparency and value for money? I do not expect Mr. Molloy to defend the decision as he was not party to it but he is in charge of managing the resource, which is the ICF.
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