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. John Hogan:

It is fair to say that we recognise the value and availability of cash within the banking system. The importance of the value of cash in local communities was very clear from the situation that evolved around the AIB decision. The bank itself might have felt it had the situation covered through its partnership with the post office network. However, that aspect of the attachment to cash became clear to the bank and precipitated a certain decision.