Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013

10:00 am

Mr. Derek Moran:

From the outset there would have been daily interactions and formal monthly meetings, on which there are notes, some of which are subject to freedom of information legislation. That was the case under both the original relationship framework and the revised relationship framework. The revised relationship framework added dimensions to it. That is at the end of the question about the primary changes. More formal consent and consultation procedures were put in place, with the receipt of the monthly board packs and the corporate institutional recovery reports which gives us the high level side of what was going on in terms of the transactions. There is also attendance at meetings of the board as an observer and at the transactions committee. They are the important distinctions.