Oireachtas Joint and Select Committees

Thursday, 23 February 2023

Public Accounts Committee

2020 Report of the Comptroller and Auditor General - Chapter 14: Assessment and Collection of Insurance Compensation Fund Levies
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer

9:30 am

Mr. William Molloy:

I am in charge of the administration function of the fund, which is effectively, making payouts when directed by the High Court and collecting the funds that come in. My understanding is that these funds were used as a security. I do not think they actually left the fund.