Oireachtas Joint and Select Committees

Thursday, 6 July 2017

Public Accounts Committee

2015 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 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015

9:00 am

Ms Ann Nolan:

With AIB, we cannot make a different argument because many banks all over Europe got money, so there are many comparators and EUROSTAT has made rules. There is nothing exactly like NAMA. I am not promising the committee anything since I am retiring and I will not be responsible for it, but the instinctive rule will be to say it is the same. However, we have between now and then - it will depend on what comes back - to develop a case that might allow us to use the money in another way.