Written answers

Wednesday, 11 May 2011

Department of Finance

Departmental Expenditure

9:00 pm

Photo of Tommy BroughanTommy Broughan (Dublin North East, Labour)
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Question 65: To ask the Minister for Finance his plans to have clawback measures in relation to the estimated €30 million consultancy cost for the Irish bank stress tests if information provided by the consultants turns out to be inaccurate; and if he will make a statement on the matter. [10850/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As I indicated in my response to the Deputy's previous question from last Wednesday re cost of consultancy for stress tests, the consultants concerned were engaged by the Central Bank and the Minister does not have a role in this area. The matter raised in the Deputy's question is a matter for the Central Bank. However, I understand from the Central Bank that the contracts with the consultants include performance criteria.

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