Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

9:00 am

Mr. Des Carville:

I am not sure I would characterise it in those terms. When they were appointed, the liquidators had expectations or budgets on costs, and when I think back the work was actually much more complex than any of us envisaged. As the Deputy can appreciate, it is a highly complex and highly involved liquidation. Early on in the liquidation process we asked for a rebate and we received it.