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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: In fairness, this was covered extensively earlier in the meeting and will be contained in the transcripts that will be available to Deputy O'Donnell.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: As Deputy Mathews missed the earlier part of the meeting, I wish to draw to his attention that certain matters are before the courts. I ask him to be careful with his questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: We plan to proceed with that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: Was the request for additional resources made in writing or orally?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: That would be helpful to the committee and Deputy Murphy. Is that it from the Deputy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: The witnesses are trying to be as helpful as they can but they do not have the information. We will, through the clerk to the committee, seek that information for the Deputy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: I remind members that certain matters are currently before the courts and ask them to be cautious in their language. My remark was not targeted at Deputy Dara Murphy in particular.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: Part of the transcript of this meeting can be sent to the Central Bank with a request for a response.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: I welcome Deputy Stanley, who has joined the committee. I believe this is his first meeting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: Would Deputy Stanley prefer that his question be answered now, or does he wish to ask a few more questions first?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: Deputy Stanley is asking the questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: When was the sub-committee set up?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: How much of the assets were turned into liquid assets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: Is that when Mr. Cullinan became aware of the matter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: I thank the delegation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: How long will it be before we get an outcome from those investigations?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: To whom will the witness report that first level? Will it be to the Department, the Central Bank or the courts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: Can I ask the Central Bank witness about Pricewaterhouse-Coopers and the companies mentioned in the report? Is the Central Bank still using those as agencies as a resource or for consultancies?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: When was that report made?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)

Kevin Humphreys: When would Mr. Cullinan expect the Central Bank to get a response to that?

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