Results 741-760 of 7,777 for speaker:Joe Costello

Public Accounts Committee: Business of Committee (14 May 2015)

Joe Costello: Great. In relation to the docklands, we were to do a report on the Jeanie Johnstonon Hanover Quay.

Public Accounts Committee: Business of Committee (14 May 2015)

Joe Costello: Excellent. We did not get a reply to our request to the Department of Justice and Equality on Thornton Hall to clarify the discrepancies arising from the various reports.

Public Accounts Committee: Business of Committee (14 May 2015)

Joe Costello: Excellent. That is full clarity.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: I thank the witnesses for coming and spending so long here in their presentation of the case. I wish to pick up on some of the issues surrounding Siteserv. How were the relationships with the other banks? It was indicated that the relationship with NAMA was quite positive. Was the relationship with IBRC totally out of kilter with the Department's relationship with the other financial...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: Was the problem with senior management in IBRC?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: We have seen the engagement the Department has had with them and the dissatisfaction it has expressed. Ms Nolan must have an opinion as to whether that was due to the culture, arrogance or a rejection of close scrutiny.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: Does Ms Nolan think there was any reason for the 14 or 15-month delay, from January to the end of March the following year, before the revised document was in place? Could she give us an idea of the number of transactions done in that period? Were the six transactions we have here all done during the period when there was no revised document in place?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: The wealth management one did not go through.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: My question is not so much based on the timeline, but about whether they had been initiated. Was there a key period of time in which the substantial number of transactions that were to take place were dealt with? Was the expectation that they would be done in the sort of limbo period between the old revised framework and the new one, which was delayed in its processing?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: Did all of them progress to some extent in that period? They were not completed, but was there some progress?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: In other words, they would have been initiated, but perhaps not completed.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: Of the six that are mentioned here, was there any other, beside the wealth management unit disposal, that was stopped in its tracks after the Department intervened?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: The Quinn family is still there.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: What about the Blackstone deal?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: What was the end result on that?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: So it is over and done with.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: Again, therefore, it is in the same bracket as the Siteserv deal.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: In that context, how does the Department explain that the relevant documentation - the minutes of the meeting in which the transaction in regard to Siteserv took place on 15 March - was not forwarded to it despite the fact the documents from all the other weekly meetings in the month of March were forwarded to it?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: No, the Department had all of the March documents and it had the documents from 1 April. They came in a package on 7 April. Therefore, the Department had four sets of minutes, but the set that was missing was the set for 15 March, the one in which the transaction for Siteserv was done.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013 (14 May 2015)

Joe Costello: No. You received a batch, but the set relating to Siteserv was missing.