Results 8,101-8,120 of 32,916 for speaker:Catherine Connolly

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)

Catherine Connolly: Would the witnesses say it is worse now than it ever was at any stage in our history?

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)

Catherine Connolly: I want to put this in context. The witnesses have an awareness of the housing crisis.

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)

Catherine Connolly: Would they agree it is at its worst?

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)

Catherine Connolly: Okay. We come back to value for money, which is the whole purpose of the Comptroller and Auditor General's chapter. It deals with the cost of the banking stabilisation measures and value for money. Has there been value for money in bailing out these institutions, Anglo Irish Bank and Irish Nationwide Building Society? If there is value for money, how have the witnesses come to that conclusion?

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)

Catherine Connolly: I am looking at the chapter dealing with the cost of the bank stabilisation measures for the end of 2016. It seems to be set out there are serious costs in that regard and we are still paying them. These are very simple questions and I tend to be kind of straight and simple, for want of a better word. Figures and monetary terms can be used to overwhelm us. A bank that existed for property...

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)

Catherine Connolly: Was there value for money with respect to Anglo Irish Bank and Irish Nationwide Building Society?

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)

Catherine Connolly: We are here today to look at value for money. We are examining a liquidation process about which the witness is not free to speak.

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)

Catherine Connolly: We are here today at a point where the Department is facing a High Court action to bring accountability. The witness will answer that. I agree with colleagues that I see absolutely no reason it cannot be answered now. The very reason we are here is to see if there was value for money in the general banking stabilisation measures and, within that, the liquidation process. I have no idea...

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)

Catherine Connolly: What is the difficulty today?

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)

Catherine Connolly: Please do not. Just tell me what the difficulty is if this will be done in an open affidavit. Why can the witnesses not tell members about the wonderful supervision they have?

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)

Catherine Connolly: I presume the witnesses should tell us the same story as they will tell the High Court in an affidavit. They will set out the process and contract, as well as the mechanisms demonstrating that the process is monitored and supervised for the taxpayer. It will be done in an affidavit. What is the problem with doing it today? Was it discussed with the Attorney General that this would be set...

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)

Catherine Connolly: I am not asking the witness to disclose anything that is privileged. I am asking him if he discussed it. Was it an aspect that was discussed?

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)

Catherine Connolly: Give or take a few weeks, months or whatever.

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)

Catherine Connolly: That is okay. If the Department is prepared to do that, it has to meet the case. My colleague put a question and I am repeating it. Is the Department prepared to come back before us when it has reflected on this?

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)

Catherine Connolly: The essence of the whole claim relates to monitoring, supervision and accountability. The answer to that is not going to change. It has been stated that everything is under control. However, the witnesses cannot tell us things because they are commercially sensitive or there are legal proceedings.

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)

Catherine Connolly: It is part of it.

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)

Catherine Connolly: Do not mind the statement of claim.

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)

Catherine Connolly: We have the plenary summons, which sets out the principles of what is being sought. Mr. Carville has no problem with that and agreed openly that the Department has a role, as set out in two of the paragraphs.

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)

Catherine Connolly: I am not asking Mr. Carville to compromise himself. I am simply saying he has acknowledged that two of the bullet points state that he has a role. He has to set that out to us, rather than wait for a statement of claim.

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)

Catherine Connolly: There is a process in the committee, a point which already has been mentioned. I do not accept Mr. Carville's answer. I do not expect him to go through this with me, but he accepts Nos. 2 and 3 concerning the duty and responsibility on the Department. Arising from that duty and responsibility, he has to be able to set out to the committee, at any stage and well before a statement of claim,...