Results 22,041-22,060 of 33,025 for speaker:Catherine Connolly

Public Accounts Committee: Business of Committee (12 Jul 2018)

Catherine Connolly: However, it is fortunate that they are in a position to do so.

Public Accounts Committee: Business of Committee (12 Jul 2018)

Catherine Connolly: I say that in jest.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: How much was it worth?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: The witnesses are very welcome. The lack of gender balance among them should be noted, although there is nothing they can do about it. Déanaim tagairt do chuile cruinniú. I welcome the focus on climate change by the NTMA since its last appearance before the committee. Towards the end of the December report it is noted that the NTMA is obliged by legislation not to invest in...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: Some 16 stocks.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: Those 16 stocks have been excluded since the witnesses' previous appearance before the committee.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: The sensitivity in terms of climate change is a far bigger issue.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: The subtleties must be appreciated. Since Mr. O'Kelly was here last, the NTMA has divested of investments in 16 entities.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: Is there a working programme to divest of more?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: Mr. O'Kelly has said the NTMA is looking at companies and that if they have transition plans, they are looked on favourably. Will he elaborate on that point?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: I am speaking specifically about the NTMA and its strategy. How does it follow it? Does it have a team in place that looks at these companies?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: Balancing that, with what companies has the NTMA taken up that are aware of climate change and actively pursuing the development of policies?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: The NTMA's investment programme is moving away from the world portfolio to the Irish portfolio.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: There is a five-year limit.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: The review mentioned was due to take place 18 months after the Ireland Strategic Investment Fund was set up. Is that right?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: We are well past those 18 months. Is it a Government, rather than an NTMA, problem? Was it specifically laid down in the legislation that there would be a review after 18 months?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: When was it set up?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: By the middle of 2016 the review should have been started.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: Connacht, the region I am from, has done very badly. As Mr. O'Kelly mentioned the regions, I refer to page 24 of the NTMA's annual report.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

Catherine Connolly: It is something to which I might come back. My train of thought is focused on this issue. Is the review ongoing or will there be a report on it?