Oireachtas Joint and Select Committees

Thursday, 17 November 2022

Public Accounts Committee

2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund

9:30 am

Mr. Seamus McCarthy:

I am not sure exactly what the Deputy is referring to but there was the situation whereby in the law the assets could not be sold back to the debtors but the loan could be sold. There were intermediate sales of the loans, which then perhaps allowed the sale of the assets back to the original debtors.