Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Is it not the case that the authorised officer of the Central Bank would be used in more extreme cases and that the reviewer could be used in more routine cases where the alarms were not as loud? When we get to the section dealing with authorised personnel, it will be seen that they have serious and substantial powers. I am not sure, therefore, if it is fair to compare them. It is not a die in the ditch issue, but it does not make sense for the Central Bank to have a veto but to have to justify why it is not going to accept an individual when it would be far more appropriate for it to identify skilled individuals who would know what it was looking for and who it had already deemed fit to carry out this work and then select from that panel of individuals. It would still retain the relationship between the reviewer and the financial institution because the contract between the two would still be in place, but it would take away the complete freedom of the financial institution to choose whom it wanted.