Oireachtas Joint and Select Committees

Wednesday, 24 April 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage

7:10 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I know comparisons are not always valid, but if one was a building regulations inspector with a concern about the quality of a certain building and told the developer to bring a report on a particular aspect of the way the building was constructed, would one have more confidence in that report than in a report commissioned by the building inspectorate? No, one would not. It is a matter of principle. I will not press the issue, but I find it difficult to understand why one is so anxious to retain the direct reviewer-reviewee relationship.

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