John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

We can. The accountability of the Central Bank is limited vis-à-vis the committee but there is a report from 2009 which deals with a number of issues. The report was considered by the committee during the term of the previous Dáil on 13 May 2010 and the issue remains open. We should invite Mr. Elderfield back to update the committee on the new regime of regulation now in place, as the debate in 2010 preceded the legislation that reformed the operation of the Central Bank at the time. The change is to regulation being contemplated, including extra staff and the fitness to practice provision for senior bank staff, which were not in place. The committee is currently drafting a report on bank stabilisation measures which covers the period 2008 to 2013, and an updated account on regulation would feed into the report also. I will ask the clerk to make arrangements to have the matter placed on the agenda. We will send the letter and the invitation to attend the committee to discuss these matters.