Neale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source

I take the Deputy's point on the need for transparency and oversight, and that is why there is in the wider legislation an allowance for an ex ante check to be carried out by the State Claims Agency based on a material threshold, which the Deputy will probably raise in respect of the next section. Furthermore, an ex post audit will be carried out and a statement of the amounts of compensation paid will be included in a report to be submitted to the relevant Minister and laid before the Oireachtas. That will include statements on compensation amounts and expenses, and the summary of IMCB operations. The information will be included in the report submitted by the Central Bank to the Comptroller and Auditor General for a possible audit. Of course, a strategic review of the governance and oversight framework will be carried out after the first insolvency event.