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

Photo of Cormac DevlinCormac Devlin (Dún Laoghaire, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

I welcome Mr. Makhlouf, Mr. Hogan and all their colleagues and officials from the relevant organisations. Staying with that issue, it is beneficial for this committee to have had an in-depth discussion around that. It was better than our last discussion around it. That is certain. It is better that more information is available, albeit, as Deputy McAuliffe alluded to, there are lacunae that seem impenetrable. However, we can circle that again and come back around to it as legislators.

With respect to Mr. Makhlouf's comments about his last proposed appearance before the committee, it is welcome to have him here this morning to discuss the various issues under his remit and that of the Central Bank. I will stick with the Quinn Insurance issue and the Central Bank first. On the final settlement that has been made, do we know the exact amount? I know Mr. Hogan said there was one amount and another amount reported. Do we have a final exact amount for how much that settlement was?