Results 25,421-25,440 of 33,581 for speaker:Catherine Connolly

Public Accounts Committee: Business of Committee (14 Dec 2017)

Catherine Connolly: I certainly agree with that. Perhaps it is a small percentage overall. We will not know until we examine the figures again. It is about perception, however. People on the ground supplying services must have confidence in the system. It is important that we follow up on this regardless of the amount.

Public Accounts Committee: Business of Committee (14 Dec 2017)

Catherine Connolly: That is the point I made. It is not to do with the percentage but with perception and trust in the process.

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 difficult to hear Mr. Carville.

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 sorry. It is hard to hear, and I am sure that people listening are finding it hard to hear.

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 overwhelmed once again by the gender representation.

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: No, and not on the Attorney General's side. It is not a reflection on the witnesses but it is certainly a reflection of the Department. I will come back to the general endorsement of claim that is being served and will pick up on a point made by Deputy Murphy on setting out the plaintiff's claim. Mr. Carville agreed with two and he could not disagree with them. There were only eight...

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 do so.

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: This is no game. I am not asking the witness to go through the document but I am referring to it because it is on my desk and the witnesses' desk. It clearly put the cat among the pigeons. That somebody would have to take a case to ensure accountability is a serious indictment of the failure of the Department of Finance to show it is open and accountable. These are simple declarations....

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 was the figure for-----

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 glad I am sitting, as €35 billion went into a speculators' bank, as has been acknowledged. It was there for speculation. We nationalised that bank and we are here in 2017 looking at a process of liquidation of what it became when it metamorphosed. Is that correct? How many people have died on our streets since August? Could any of the gentlemen in suits tell us how many...

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?