Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein)
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People are paying 5%, 6% or 7% in interest. People did not change their situation voluntarily and the loan book was sold to a vulture fund. That is the concern.
Did Mr. Makhlouf give the figure to the Deputy of 3% of €60 billion? Some €60 billion was on deposit with the European Central Bank, ECB. Therefore, €1.8 billion is the figure.
Because Deputy Hourigan has not joined us yet, the next committee member is Deputy Colm Burke.