Results 4,621-4,640 of 34,585 for speaker:Seán Fleming

Public Accounts Committee: Business of Committee (4 Jul 2019)

Seán Fleming: It is the only one left standing. We will meet Courts Service officials very soon after the recess but we will wait for the Comptroller and Auditor General's report.

Public Accounts Committee: Business of Committee (4 Jul 2019)

Seán Fleming: We can have the postponed meeting and discuss the 2018 appropriation accounts together.

Public Accounts Committee: Business of Committee (4 Jul 2019)

Seán Fleming: We will provisionally discuss that next week before we leave.

Public Accounts Committee: Business of Committee (4 Jul 2019)

Seán Fleming: Once the Deputy declares it, it should not be an issue. It is a fact of life that conflicts of interest arise and the issue is how to deal with them. The first way for the Deputy to deal with it is to put it on the public record at the start of the meeting.

Public Accounts Committee: Business of Committee (4 Jul 2019)

Seán Fleming: The most straightforward way to handle that is to put it on the public record.

Public Accounts Committee: Business of Committee (4 Jul 2019)

Seán Fleming: There will be no other meetings. We will suspend for a few minutes to allow our witnesses to take their seats.

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)

Seán Fleming: This morning we are meeting the National Treasury Management Agency, NTMA, regarding the NTMA financial statements 2018 and the Comptroller and Auditor General's Report on the Accounts of the Public Services 2017, chapter 21 - accounts of the National Treasury Management Agency. There will be two parts or sessions to our engagement with the NTMA today. We will deal with all matters in the...

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)

Seán Fleming: I thank Mr. McCarthy and call Mr. O'Kelly to make his opening statement.

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)

Seán Fleming: I thank Mr. O'Kelly. Since we will have two sessions, there will be a lead speaker in the first session - Deputy Cullinane, who will have 20 minutes - and all other Deputies will have ten minutes each. In the second session, the lead speaker will also have 20 minutes and other members will have ten minutes each. Members have indicated for this session in the following sequence: Deputies...

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)

Seán Fleming: The Deputy has 20 minutes as the lead speaker.

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)

Seán Fleming: That note can be sent to the Deputy through the committee.

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)

Seán Fleming: We are dealing with the National Treasury Management Agency's accounts separate from those of the State Claims Agency, with which we will soon deal in a separate session. We will take a five-minute break between sessions. I have some questions for the witnesses based on the information provided. I thank them for the very professional and helpful presentation. On the Apple escrow...

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)

Seán Fleming: The NTMA can switch the money from one to another.

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)

Seán Fleming: Has it done so?

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)

Seán Fleming: On the escrow account, the agent and custodian is the Bank of New York Mellon which is based in London. Some €14.285 billion was put into the fund by Apple Sales International. The Comptroller and Auditor General carried out an audit on behalf of the Minister for Finance and the State. Presumably, Apple Sales International carried out an independent audit of the fund at the end of...

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)

Seán Fleming: The fund of €14 billion was deposited in an escrow account by Apple Sales International to be held for it and the State. The NTMA looks after the fund for the Minister for Finance and the Comptroller and Auditor General audits it to provide reassurance for the Minister and the committee that everything is okay. I presume Apple has done the same. Was there a joint audit? There must...

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)

Seán Fleming: What is the line of communication between Apple Sales International and the NTMA? Is there a line of communication?

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)

Seán Fleming: So the NTMA communicates with the Bank of New York Mellon?

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)

Seán Fleming: I am hearing something that I have not heard before. Who are those six people?

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)

Seán Fleming: Who are they?