Oireachtas Joint and Select Committees
Thursday, 22 November 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
11:50 am
Mr. John Corrigan:
We cannot suspend trading with the bank because it manages money on our behalf. The practical considerations of moving away from it should not be an impediment to doing so; I am not pleading that. There is, however, wider unfinished business here. There remain issues. I do not want to go into this, with the committee's agreement. There remain questions of leverage and negotiating positions in terms of when this thing comes to be settled. I will say no more.