Results 15,941-15,960 of 26,708 for speaker:David Cullinane

Public Accounts Committee: Business of Committee (14 Dec 2017)

David Cullinane: We should note for clarity that the non-competitive procurement figure is €600,000 of €273 million, but it is still an issue.

Public Accounts Committee: Business of Committee (14 Dec 2017)

David Cullinane: We will follow up with both colleges and seek a clear explanation. The remaining three accounts concern the Arts Council, Cavan and Monaghan Education and Training Board and Tipperary Education and Training Board. In respect of all three, there is a clear audit opinion. Can we note and agree these? Agreed. The draft work programme for 2018 is on the screen. I propose that we have a...

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Our meeting today is scheduled to deal with two matters: the Comptroller and Auditor General's report of 2016, chapter 3, on the cost of bank stabilisation measures at the end of 2016; and the Irish Bank Resolution Corporation, IBRC, liquidation. We are joined by the following officials from the Department of Finance: Mr. Des Carville, Assistant Secretary, head of the shareholding and...

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Yes, that is what I am proposing.

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: I join previous speakers in expressing my unhappiness regarding the lack of response and the inability of the accounting officer to answer basic questions about the cost of the liquidation of IBRC. We need to come back to this in more general terms because there is a pattern here. References to commercial sensitivity and legal advice and the outsourcing of some work are creating a barrier...

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Okay. Why would that preclude the Department from answering questions about costs?

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: I take it that the Department is going to defend something that it sees as not factually correct.

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: I would imagine that the Department will offer up a defence of itself, and the liquidators will defend themselves against claims that they feel do not stack up or are not factual. Would that be a fair assessment?

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Is it fair from the Department's perspective?

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Mr. Carville will accept that facts are facts. The amount of money that the Department has spent on the liquidators to date is a fact. If that is a fact, why can that information not be given to us? It is not going to alter or change. It is a matter of fact.

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Yes.

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Mr. Carville cannot give us the amounts or the figures.

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Okay. Will Mr. Carville give me the figure?

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: I ask Mr. Carville to give me the overall figure. How much has been spent to date?

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Okay. Can Mr. Carville tell me then-----

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: Can Mr. Carville give me the hourly breakdown for each partner, director, associate director, manager, supervisor and senior accountant? Are those figures publicly available?

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: What is available and what is not available?

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: A lot of this information is now the public domain. It has been put on the record of the Committee of Public Accounts. This goes back to a statement made by the Chairman earlier. Why is Mr. Carville not in a position to answer some of the other questions that were asked?

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: The legal advice that Mr. Carville has received-----

Public Accounts Committee: 2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation (14 Dec 2017)

David Cullinane: I would like to make another observation. The Department has committed to go back to seek further legal advice. Part of the problem here is that what we get in general terms is a synopsis of the legal advice, which is that these legal issues cannot be dealt with. The parameters of what can and cannot be discussed are never set out for us. We would then have a view that there might be some...