Oireachtas Joint and Select Committees
Thursday, 3 December 2015
Public Accounts Committee
2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
10:00 am
Mr. Derek Moran:
It is not in anticipation of losing it. When one gets the case stated, one legally must respond to it, which we have done, and one assembles one's team for that purpose. I do not have the dates quite straight but the Commission stated a case in May 2014 to which we would have been obliged to respond. We had the legal team available to do that. It published it then later that year and we intervened at that stage. Consequently, while we have a legal team for it, it is not in anticipation of losing. As has been stated, if there is a finding -this has been going on for between two years and two and a half years - there is no sense-----