Strategic Banking Corporation of Ireland Act 2014


Accountability to Committee of Public Accounts

20. (1) A senior member of the staff of the SBCI nominated by its chairperson (referred to in this section as the “nominated person”) shall, whenever required by the Committee of Dáil Éireann established under the Standing Orders of Dáil Éireann to examine and report to Dáil Éireann on the accounts and reports of the Comptroller and Auditor General, give evidence to that Committee on—

(a) the regularity and propriety of the transactions recorded or required to be recorded in any book or other record or account subject to audit by the Comptroller and Auditor General that the SBCI is required by or under an enactment to prepare,

(b) the economy and efficiency of the SBCI in its use of the resources made available to it under this Act,

(c) the systems, procedures and practices employed by the SBCI for evaluating the effectiveness of its operations, and

(d) any matter affecting the SBCI referred to in—

(i) any special report of the Comptroller and Auditor General under section 11(2) of the Comptroller and Auditor General (Amendment) Act 1993, or

(ii) any other report of the Comptroller and Auditor General (in so far as it relates to a matter specified in any of paragraphs (a) to (c)) that is laid before Dáil Éireann.

(2) In appearing before a Committee referred to in subsection (1), the nominated person appears as an accountable person and not as an accounting officer.

(3) The nominated person, in giving evidence under subsection (1), shall not question or express an opinion on the merits of any policy of the Government or a Minister of the Government or on the merits of the objectives of such a policy.

(4) Any evidence given under subsection (1) shall, subject to preserving confidentiality in relation to such commercially sensitive information as determined by the SBCI, relate to the policies of the SBCI.