Results 11,781-11,800 of 26,589 for speaker:John McGuinness

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: With Anglo Irish Bank. That is what I mean. That is the question.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: What was the legal standing of the framework agreement with Anglo Irish Bank at the end of its lifespan and during the changeover to IBRC? Did it just roll over?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: Were there legal implications?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: It rolled over.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: Then there was a second agreement later on in that process.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: Returning to the minutes, then, the one I am looking at is No. 8.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: Let me be clear. Is the Department dealing with new FOI requests?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: I presume the committee's request for information will be taken as a priority.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: In other words, it will not be delayed. That is my point.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: Yes. In this document, the Department explains its position. It is a briefing note for a meeting with the CEO and the chairman of IBRC. It talks about "a clear example of IBRC's lack of regard for the Minister's wishes". This was in July 2012. The Department's briefing note is really outlining the total disregard that IBRC had at that time for the Department and for the Minister.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: No. This states, "We believe this exchange is a clear example of IBRC's lack of regard for the Minister's wishes." It goes on then to state, "There have been other instances where senior management in IBRC have shown similar disregard for the spirit of the Relationship ...". It is fairly strong language in the context of a briefing note. Indeed, in terms of the request to increase the...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: IBRC's attitude to the Department?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: That is how Ms Nolan saw it. The briefing note then goes on to deal with the appointment of non-executive directors, which was suggested in November 2010, stating "and despite a letter issuing to you to progress the appointments in January it has taken until June for the Board to approve appointment". This was a bank that was clearly born out of trouble and was in trouble, showing absolute...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: No, it was not. The Department's briefing, dated July 2012, centred around, for example, remuneration issues. It describes a request, "Approval sought for an appointment", and stated, "Proposed salary was almost 40% more than [the] equivalent" in other banks. For an interim head of internal audit, they sought approval, but "Appointment did not proceed". For an internal head of HR,...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: I saw that.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: There was not much else and IBRC was taking its own course of action. It seems that the Department had to fight with it all the way. It was comparing IBRC to NAMA and suggesting what should happen about salaries, but that did not happen. The Department then went on to raise issues about various sales. Its position was that a number of governance concerns had arisen from a particular...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: It was too late.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: That was after the event. Ms Nolan outlines in the confidential note that despite the concerns of the Department, IBRC conducted a nine-month sale process and the Department believed significant value was lost in this transaction.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: Why did the Department state in the note that it believed significant value had been lost? If it had been blocked, how did the Department lose?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

John McGuinness: The note states the Department did.