C&AG report: State paid €152m to advisors in bank crisis

The Government and State agencies have paid consultants €152m for advice on the banking crisis.

C&AG report: State paid €152m to advisors in bank crisis
Wed, 30 Sep, 2015 - 01:00
Caroline O’Doherty

More than 70 specialist legal, accountancy, and investment firms shared in the business created by the collapse of the banking sector from 2008 to 2014.

Top earners Arthur Cox solicitors were paid €33.06m by the Department of Finance, National Treasury Management Agency, National Pensions Reserve Fund, and Central Bank.

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CourtsC&AG ReportBanksPerson: Arthur CoxPerson: Grant ThorntonPerson: Matheson Ormsby PrenticeOrganisation: C&AGOrganisation: Department of FinanceOrganisation: National Treasury Management AgencyOrganisation: National Pensions Reserve FundOrganisation: Central BankOrganisation: Blackrock Financial ManagementOrganisation: Ernst and YoungOrganisation: KPMGOrganisation: Goldman SachsOrganisation: PricewaterhouseCoopersOrganisation: Merrill LynchOrganisation: NM Rothschild & SonsOrganisation: Boston Consulting Group UKOrganisation: McKinsey & CoOrganisation: Deloitte and TouchOrganisation: BarclaysOrganisation: MazarsOrganisation: National Asset Management AgencyOrganisation: Nyberg CommissionOrganisation: NTMAOrganisation: AIBOrganisation: Bank of IrelandOrganisation: Permanent TSBOrganisation: NAMA
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