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
Catherine Murphy (Kildare North, Social Democrats)
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I find it objectionable that unsecured or subordinated debt would be repaid. They have been accelerating the sale of the floating rate bonds and are ahead of schedule because of interest rates and the NTMA. We never had the game changer which was related to the promissory notes. Have we fully accepted this and has there been any challenge to it? Is there any follow-up to the commitments that were made but never delivered on? Is it now over for the Department or is it a political issue?