Results 6,741-6,760 of 14,090 for speaker:Marc MacSharry

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 Department may or may not have had independent advice on pulling all of this together.

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 cannot tell us.

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 know Mr. Carville cannot. I have legal advice and he has legal advice and the IBRC has legal advice. It seems to me whatever advice one wants one can get, particularly on something like this. There was a rebate referred to in the liquidator's report for 2016. How was that calculated and negotiated?

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 look for 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: Was it based on overcharging, double charging or an error?

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: None of the above.

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: Was it just a goodwill reduction?

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 really went to town, did it not, with €5 million on €222 million?

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: What percentage is 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: It does not sound like a whole lot.

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: Has there been a rebate since?

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 understand that. It is not the rates per hour. We know those. It is about how many people are working at those rates and who is checking the amount of people per task. How many people are involved and how many hours are they putting into particular tasks, and who is checking that and scrutinising it? In the absence of a committee of inspection I am not sure anybody is. The case being...

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 choreography is that on Tuesday we were told it was not coming to this meeting. At 5 p.m. yesterday it was a case that it was told to come if it wanted. It is not here.

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 Department had an opportunity, through the Minister, the answer parliamentary questions in September and it did not do so. There is an element of consistency to the position Mr. Carville has taken today and the Department's position then, notwithstanding a case that has intervened in the meantime. I promise I will conclude. Have there been any other rebates?

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 estimate the total amount involved is heading towards €300 million at this stage.

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: If we could get another rebate of 2.5%, it would amount to €7 million or €8 million, which would pay for a large number of home help hours or perhaps a school.

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: On the issue of transparency and openness, the Department seems to know everything and we know nothing. That is a problem when so much public money is involved. The complexion on this is that the liquidator is paying itself from recoveries and sales. It is writing its own cheque which the Minister signs off after the fact. I know an informal process may exist involving a degree of horse...

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: As the Department did not answer 25 parliamentary questions in September when there was no case, the answer given by Mr. Carville has no credibility.

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 seems to me that the Department's answer is to write down words and ensure it does not answer the questions. When I come back in, I am going to put all the parliamentary questions to Mr. Carville.

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 try not to come in again and will try to wind up my end of it now. I thank the witnesses for continuing to be here. I am sorry if at times it is adversarial. As many of us have said, it is not personal; we have a job to do. I have just carried out a Google search in respect of some of these matters and I note that the plaintiff in this case is referred to as the director of the...