Results 4,681-4,700 of 34,585 for speaker:Seán Fleming
- 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 value of the shares at the end of 2018 was €7.1 billion and we have received €6.1 billion in the meantime. That amounts to €13.2 billion, which indicates we are down about €2.2 billion 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) Seán Fleming: When we come to that I will let the Comptroller and Auditor General in. We all know the big black hole was caused primarily by the IBRC, that is, Anglo Irish Bank and Irish Nationwide. I ask the Comptroller and Auditor General to flesh out the figures for the other banks. The black hole is concentrated within those two banks: IBRC which includes Irish Nationwide Building Society and Anglo...
- 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: It had to finance it.
- 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 understand 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) Seán Fleming: As we all know, the ultimate value of the shares when they are sold could be up or down. On the payments that had to be made under the bank guarantee, what does "cash received" consist 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: Yes, Bank of Ireland-----
- 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 banks were paying a significant fee to the State during the period of the bank guarantee. Has it been factored in in the figures?
- 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: It was significant in its own right.
- 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: It will come back by way of a dividend. I am handing over to Deputy O'Connell, although I have a few more questions to ask, but it is not fair of me to take up too much time. On page 7 of the NTMA's financial statement it is indicated that we owe €205 billion, while the interest paid on the national debt last year was €5.8 billion. On average, a figure of 2.8% was paid on...
- 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 have no debt which carries an interest rate of over 6%. I know that there are 200 pages, but they are the figures I want to see.
- 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 sure Mr. O'Kelly knows it off the top of his head.
- 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 want the NTMA to break down the figure of €205 billion by money amounts.
- 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 want the amounts of money and the matching interest rates.
- 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 charts we were given it was indicated that a figure of 29% of the national debt was sourced in the United Kingdom. Was much of it moved in 2018?
- 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: It is necessarily in sterling.
- 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: Is it included and I am sure Mr. Black will show me the exact note. Can we have a breakdown of the sum of €205 billion by currency?
- 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: When the accounts refer to the United Kngdom, from the NTMA's point of view, the public might assume it is in sterling.
- 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 amounts to about 99%. It is important to clarify the matter as people might have misunderstood. I have two other minor questions. On page 81 of the accounts there is a reference to the EU-IMF funding programme, under which we still owe €45 billion. There is a figure of €18 billion for the European Stability Fund; €25 billion for the European Financial...
- 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: They are at a lower rate. That is fine. My last question which always interests some relates to the dormant accounts mentioned on page 136. There are charts, but and I am a little confused. I have the impression from what is included on page 140 that the NTMA holds a sum of €477 million from dormant bank accounts and €100 million from dormant unclaimed insurance policies....
- 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: Yes, it is €103 million.