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
Seán Fleming (Laois, Fianna Fail)
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It sounds light. The Department is protecting the interests of the State, yet we are now hearing that there is a maximum of two whole-time equivalent, WTE, staff dealing with this issue. We waited up all night in the Oireachtas to pass this special emergency legislation for the largest liquidation ever in the history of the State. I examined the figures this morning. The public sector employs 320,000 people across the HSE, education sector, the Civil Service and so on, yet Mr. Carville is telling us that the Department of Finance believes that monitoring this project is worth two WTEs.