Oireachtas Joint and Select Committees

Thursday, 11 December 2014

Public Accounts Committee

Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013

12:50 pm

Mr. John Doyle:

This goes back to the issue of incentivisation. One of the core recommendations from the commission was that any restructuring had to be incentivised. Essentially and in the context of a very specific range of costs, we are taking 50% of the costs in very particular circumstances.