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Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: So a person was doing two full-time positions.

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: There were two full-time positions.

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: I will finish on this point. It seems unusual to have someone in a full-time post who basically took on another post which appears to be another full-time post. It was one person doing two full-time posts.

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: I do not have another question. During the first session we dealt with the matters at hand and we veered into other areas in the second session. As a Government party Deputy, I agree with my colleagues that I greatly value the independence of the Committee of Public Accounts. I think I speak for all members in saying that regardless of who appears before us, we are robust in our...

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: Yes, assurances in terms of the London trip.

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: I thank all of the members for coming today. Do members have any further questions? Can we take it the session is concluded?

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: I reiterate I firmly believe in the independence of the committee. Across all political circles, including the Government, this is the case. I suggest we send a transcript of this meeting to the Department of the Taoiseach and the Department of Jobs, Enterprise and Innovation and deal with it in this fashion. This is reasonable.

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: This will be done.

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: With due respect, we have had many hours of lengthy deliberations. Deputy McGuinness is the Chairman of an independent committee, the Committee of Public Accounts. I put forward a suggestion which is reasonable. We are a cross-party committee and this meeting is in public session. I suggest we send the transcripts to the Department of the Taoiseach and the Department of Jobs, Enterprise...

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: As Acting Chairman for the day, I agree no one has approached me on how I do my business in terms of this committee or any committee. On this point can we conclude?

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: The details are to follow.

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: This gives us some information-----

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: Deputy McGuinness has no further details.

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: Further details will follow.

Public Accounts Committee: Statement by Chairman (13 Jun 2013)

Kieran O'Donnell: That is great. We will await the information.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Will you go over the provisioning mechanism again because it is quite significant?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: There may be higher disposal costs.

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: Is deducting tax losses a new requirement under Basel III?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: When will Basel III come into effect?

Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)

Kieran O'Donnell: And the amount involved will be €6 billion.

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