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:
My understanding is that it involves a very small number of people in middle ranks based around projects. The Central Bank is encompassed within the remit of the financial emergency measures in the public interest, FEMPI, legislation in terms of pay. My understanding is that the Governor has been in touch with the Department of Public Expenditure and Reform to say that no payments have been made outside that context. FEMPI has been a cornerstone of us being able to correct the fiscal position of the State. Anything that is done must be done within the context of FEMPI.