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Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: ...; and chapter 22, on the Ireland Apple escrow fund. The Department has also been advised that the committee may also wish the examine the following during the meeting: expenditure relating to the liquidation of the Irish Bank Resolution Corporation, IBRC; the funding of superannuation liabilities at the Financial Services and Pensions Ombudsman, FSPO; exceptional payments made from the...

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Catherine Murphy: I welcome the witnesses. It will be only a few short months until it is ten years since the Irish Bank Resolution Corporation, IBRC, was liquidated and we have another couple of years before the outworkings of that are complete. The briefing document refers to “a net estimated cost of €37.3 billion, the vast majority of which ... will never be recovered.” I cannot find...

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Catherine Murphy: To go back to the Irish Bank Resolution Corporation, IBRC, do we know what the recovery was pre-liquidation and post liquidation? I presume there would have been some recovery pre-liquidation. Was that work done at the time of the liquidation? Is this known?

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