Results 14,261-14,280 of 28,162 for speaker:Catherine Murphy

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: In the examples of the 2018 investment highlights, there are a couple of areas where one would think that tariffs would pose a risk in the future, such as in the context of Irish whiskey and the China-Ireland technology growth fund. Why does that not show up as a risk with the possibility of trade wars and State security issues with some of the technology that is coming from China?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: It may well show up as a risk in the future, particularly if trade wars happen.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: I want to focus on the investment strategy. The NTMA invests in specific areas and that sits as a State asset. Is the asset the item invested in or the return on the investment?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: I will focus on one thing that was purchased, the concessionary agreements for Enet. Did the ISIF purchased that in 2017?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: Is that under the remit of the NTMA?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: When one looks at the challenges and the extent of the external risk, it would make one weep. Italy is noted as a risk. Is Italy's debt not almost exclusively internal?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: We know that outside influences, such as what happened in the United States, had a significant bearing on us. This could have exactly the same kind of bearing.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: How would the NTMA see that playing out if it was to become more than a risk?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: It is new borrowings as opposed to ones that the NTMA has already.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: Did the NTMA have a choice on that investment?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: It also relates to the amounts of money involved because an interest rate of 5.9% might be charged for a very small or a very large amount of money.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: By duration.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: I do not understand something. According to the chart, the gross debt is largely unchanged since 2011. We had the IBRC legislation to turn it into sovereign debt in 2013, I think. When did it go on the balance sheet? Were the promissory notes always on the balance sheets?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: So that really would have been from 2010.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: Okay.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: I wish to raise the thalidomide cases. Obviously there is still activity in the courts about these cases. In respect of proven cases and the disputes, how does the profile of Ireland compare with other countries? Does the State Claims Agency keep an eye on that? Does that have a bearing on how one decides to handle similar claims?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: The contingent liability has increased quite considerably. Does the SCA have a profile of roughly how long it takes to settle? I know it can be a case of how long is a piece of string, especially when one is depending on the courts. Departments and Government agencies ultimately have to fund the settlements. I presume that it is appropriate to the body concerned. For example, if it is in...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: In terms of the accuracy of their own budgets and how they capture this, how does that happen? Does the SCA give them a future assessment? What way does it work?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: With regard to the list of actions where there are groups of people affected in the same way - mass action as opposed to class actions - how many would be grouped if it was to be described as a mass action? How many claims would there be if they were to be put into a category like that?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Catherine Murphy: If there was a dozen-----