Public Accounts

Public Accounts Committee Publishes Key Documents on Bank Guarantee Decision






16th July 2010



The D il Public Accounts Committee has today, (16th) published the documents it received from the Department of Finance which provide information on the contingency planning that went on in the Department of Finance leading up to the implementation of the bank guarantee scheme on 29th September 2008.



All the documentation received by the Committee is now available on the Oireachtas website at http://www.oireachtas.ie/viewdoc.asp?fn=/documents/Committees30thDail/PAC/Homepage.htm



Committee Chairman, Bernard Allen TD said;

“The Committee has decided that in the public interest that this information should be made freely available.



Following consideration of these documents by the Committee at a meeting held in private session yesterday, it has decided that this information should be put in the public domain to ensure full accountability of the role of the Department of Finance played in managing the bank crisis."



The Committee will reconvene in public session next Thursday, (22nd) and has called the Secretary General of the Department of Finance, Mr Kevin Cardiff and some senior officials to the meeting to further consider this matter.



These deliberations are part of the Public Accounts Committee’s investigation concerning the collapse of the Irish banking system. It has already met with the Financial Regulator, Department of Finance and the National Treasury Management Agency.