Oireachtas Joint and Select Committees
Thursday, 4 July 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
9:00 am
Seán Fleming (Laois, Fianna Fail)
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We are dealing with the National Treasury Management Agency's accounts separate from those of the State Claims Agency, with which we will soon deal in a separate session. We will take a five-minute break between sessions.
I have some questions for the witnesses based on the information provided. I thank them for the very professional and helpful presentation. On the Apple escrow account, the three fund managers involved - Amundi, BlackRock and Goldman Sachs - are based in Paris and London. If one of them underperforms, are there criteria to reduce its involvement? How long are the contracts?