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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)

Marc MacSharry: I do not have time for it to be honest. We have a finite amount of time.

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)

Marc MacSharry: That is fine. We wish him well and a speedy recovery. I do not need a big preamble to justify the position. The committee received the Department's correspondence. Mr. Carville knows my view on it. I only have 20 minutes and I want to get through some pretty pointed questions.

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)

Marc MacSharry: I will ask them. When Mr. Carville cannot answer a question he can say that he is sorry but that he cannot answer it. Okay. I will ask them anyway, however.

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)

Marc MacSharry: We could argue about that. If I was in Mr. Carville's position and wanted to answer the question, I would answer it. Is the Department defending this case?

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)

Marc MacSharry: Is the Department defending it?

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)

Marc MacSharry: Okay. May I go ahead?

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)

Marc MacSharry: Did the Department contact the special liquidators and tell them not to attend? Did anybody in the Department do that?

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)

Marc MacSharry: Why did the Department respond on their behalf in the letter the other day?

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)

Marc MacSharry: They could be joined as a co-defendant.

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)

Marc MacSharry: It might be the litigant that does it. That could have been done on the first day, but the Department could join them.

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)

Marc MacSharry: We received a copy of Mr. Carville's letter to the special liquidator yesterday at 5.24 p.m. It said that they could go if they wanted.

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)

Marc MacSharry: Why did Mr. Carville not tell them that on Monday?

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)

Marc MacSharry: It did not say that in the letter. It said they were not coming.

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)

Marc MacSharry: Mr. Carville's letter was specific. It said that in light of the developments the special liquidators would not be attending. It did not say that the Department had told the special liquidators that it was entirely a matter for them. It explicitly said that they were not coming.

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)

Marc MacSharry: I sent an email asking why they were not coming and, lo and behold, we got an email at 5.30 p.m. yesterday evening which had attached the letter the Department sent to them yesterday. At what time yesterday was that letter sent to the special liquidators? We got it at 5.24 p.m.

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)

Marc MacSharry: Again, it looks grubby. It looks like there is a conspiracy not to tell the Committee of Public Accounts anything until the witnesses and the liquidators have had enough time to gather whatever they need to gather up to ensure plausible deniability. That is what we get here repeatedly.

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)

Marc MacSharry: Mr. Carville may not personally, but the collective actions of a number of Departments and State agencies who are audited by and are under the remit of the Comptroller and Auditor General show that contempt. I do not mean Mr. Carville personally. This is not personal, but in practice this is what is happening. I have tabled a number of parliamentary questions in which I have asked for a...

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)

Marc MacSharry: The rates per hour were already provided in the response to a parliamentary question tabled by Lucinda Creighton when she was a Member. As that is the case, what would be in it that is commercially sensitive?

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)

Marc MacSharry: Will the witness give me an example? He could say, if there was a contract between Mary and Joe that contract might say X, which would be commercially sensitive. If we know the price per hour and the terms, what is commercially sensitive about the contract that I cannot see?

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)

Marc MacSharry: Will the witness give me an example?

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