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Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: Just to check who we have online, do we still have Deputy Michael Healy-Rae? No, and Deputy Canney has also left the meeting.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: A vote has been called in the Chamber and I think it will go into the voting block. With the agreement of the committee, I will adjourn the meeting rather than leave our guest hanging on for what may be the entirety, given that the voting block may last longer than normal. Is that agreed? Agreed. We have the extensive statement of Mr. Gjedrem and his presentation. We have had some very...

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: I thank Mr. Gjedrem for being with us today.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: I thank our guests for their opening statements. Of the €6.8 million stolen in 2021, how much was recouped through actions of law enforcement?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: Are they ever recovered?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: Would it not be really important to have the aggregate figures for that to encourage more people to come forward and report so people can see there are results from coming forward and the money can come back? Should An Garda Síochána not have those figures? Is there a way Mr. Kelly can supply those to the committee? Are the necessary resources available for An Garda...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: I can, but are people saying they are not coming forward because they do not think there will be a result or that it will not be worthwhile and that nothing will be done about it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: Looking globally at fraudsters moving from one jurisdiction to another, what will happen is they will move to the jurisdictions which do not have the tighter legislation or the resources to tackle it. If they are looking and see 300 people being arrested and six individuals being investigated, they can weigh that up with the chances that they are going to get caught. Do they feel they have...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: I move to the DPP and resourcing. It has identified a need for staff for the financial crime unit. Is that causing issues with prosecutions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: The DPP's office is outlining significant risks, identifying the increases in financial crime and saying it does not have the resources it needs. Basically, Mr. Cryan is saying it does.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: The office is clearly identifying there are shortfalls in ICT hardware infrastructure, as well as in the context of the number of staff required. How many forensic accountants does Mr. Cryan have?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: Is five sufficient? Mr. Cryan rightly identified the complexity of these cases. Is five enough to do what needs to be done here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: Exactly. With respect to workforce planning, has Mr. Kelly specifically requested what he needs? He will have been able to tell from the numbers in the last few years how it is going to exponentially increase again. We have AI as well, which in one sense will help us identify things, but it could also cause all kinds of challenges. Has Mr. Kelly AI expertise? What specifically has he...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: However, they obviously need to be planned, targeted and all of that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: It would be useful for us to know about as a committee. We want to support Mr. Kelly in work he is doing, which we see as a vital part of protecting the community. Maybe he can deal with this in answer to somebody else, but he referred to the co-chairing of a number of public-private partnerships with the BPFI. Do any of those partnerships specifically focus on authorised push payment...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: That relationship is extremely important. Some people do not understand if someone goes out of the EU to travel internationally and wants to use his or her bank card of whatever, he or she is supposed to notify the provider before he or she goes. That person will then get calls while abroad to ask if a transaction was made by them. We can get any number of calls in a day in respect of this...

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: I thank Mr. Gjedrem. I want to set that in context with our own oil and gas exploration. I come from the community of the Corrib gas project and we have had much experience in that regard. We have followed the Norwegian model for many years now. The fund has built up in Norway. We do not have such a fund. I wish to ask about scale and the correct response to managing a surplus. Is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payments Fraud: Discussion (Resumed) (31 May 2023)

Rose Conway-Walsh: Why are people saying they will not come forward? What is the key thing?

Ceisteanna - Questions: Departmental Offices (30 May 2023)

Rose Conway-Walsh: The figures are independent.

Ceisteanna - Questions: Departmental Offices (30 May 2023)

Rose Conway-Walsh: Recently released data from the EU as part of the EU regional competitiveness index lay bare the severity of the infrastructure deficit in the west and the north west. These regions' competitiveness has been undermined by the failure of the Government and successive Governments to invest in the west and the north west. Out of the 234 designated regions across the EU, the north-west region...

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