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Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: I thank Mr. O'Brien for his evidence.

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: I want to focus on what exactly was on the record of the meeting of the Committee of Public Accounts because that is very important. I understand on 5 March a disclosure of non-publication of the report was issued to the Committee of Public Accounts. The next day the HSE wrote to the Garda seeking to publish the report. At that stage, the report in question was the Conal Devine report. My...

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: On reports that have stayed on the shelf and were not acted on in any respect, I want to focus clearly on this -----

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: I do not want to stray into -----

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: There was no publication until after a disclosure was made to the Committee of Public Accounts on 5 March.

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: I will focus on the tender process, or lack thereof, for both reports. In terms of the outflow of moneys in the HSE, was it a significant sum for the Resilience Ireland and Conal Devine reports?

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: That is fair enough. I accept that. However, one imagines it is a significant amount of money for both reports. With regard to the regulations within the HSE and transparency, it is hard to see how Mr. O'Brien can say procurement rules were followed. Let us be clear. There was a departure in the process within the HSE. This is all about a process and it is very important for this...

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: This is where I have a concern. If somebody is taking that route, obviously it would be prudent to carry out a risk assessment and conduct various discussions if a significant report is to be produced, if it is sensitive and certain exemptions need to be availed of. However, what appears to be happening is that Mr. O'Brien is presented with a situation where he has a result - two reports -...

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: That is what concerns me. Mr. O'Brien said, "looking back on it," to use his own words.

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: As head of the HSE, Mr. O'Brien must be clear. If the position the HSE adopted at the time was not correct and if proper procedures were not gone through in complying with its regulations, it is incumbent on Mr. O'Brien to say that, rather than trying to make something fit now.

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: I did not hear Mr. O'Brien say it in terms of procurement.

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: Mr. O'Brien has made changes in that respect to ensure that will happen.

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: It would have been more helpful if this had been said initially in hearings of the Committee of Public Accounts, instead of going back to it when the Dignam report raised issues in that regard. That is my concern. The HSE should be able to identify for the committee if there are tender issues or if it did not comply with its regulations or did not have a certain level of transparency which...

Public Accounts Committee: Correction of Record of Meeting of 2 February 2016 (23 Mar 2017)

Peter Burke: Would Mr. O'Brien accept that during the time before the commission of both reports the process in place in the HSE to comply with transparency and tendering was deficient?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Peter Burke: I thank the speakers for their time. I wish to briefly move away from the loan book and the challenge of growing loans in the sector and talk about the regulatory reserve ratio and the blunt instrument that is there that all assets from credit unions have to have a 10% reserve in respect of them. The need for risk-weighted calculation was highlighted in the hearings. Is the witness...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Peter Burke: Considering that credit unions may have invested in Government guaranteed bonds for some of their portfolio, does it not seem extreme to have a reserve requirement of that nature, given that they are underpinned by the Government for a part of their investment? Does that not still seem a bit harsh?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Peter Burke: Some credit unions have raised concerns in the media of taking deposits, etc., and being hampered by the 10% rule. Some of them have stated this in their evidence to the committee over the course of our hearings. I will move on. The change from the need to revert to legislation through the Oireachtas to the need to revert to regulation in regulating the sector through the Central Bank was...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Peter Burke: Does Ms McKiernan think there is any merit behind the suggestion that making minor changes through regulation vis-à-visthe Central Bank is proving difficult? The sector has suggested this.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Peter Burke: It has been raised here.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

Peter Burke: That is fair enough.

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