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
Mr. Seamus McCarthy:
The amount that was extended from the fund for Quinn Insurance would have been at most two thirds of the value of the liabilities that were there. I think the figure the Cathaoirleach is looking for a matching reserve for is a figure of about €1.5 billion rather than €1.1 billion.