Oireachtas Joint and Select Committees

Thursday, 19 January 2023

Public Accounts Committee

Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer

9:30 am

Ms Susanna Lyons:

We do not have a specific timeline because we do a number of things. Any concern that is raised with the regulator is screened. We then review that against our remit. It may be that that concern may be best dealt with by another regulator. Then we do a risk evaluation on it and then we review. We may close it and not ask for any further information. We may proceed to ask for additional information or we may proceed to bring it into our regulatory framework, that is, have a planned assessment or reactive assessment.