Oireachtas Joint and Select Committees

Wednesday, 25 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Matters Relating to the Economy: Discussion with Governor of Central Bank

3:20 pm

Professor Patrick Honohan:

Well, as I said, we have not arrived at a way of doing useful work in this area. If and when we do we will do it, but there are other players. As the Deputy knows, it is open to the Garda to do this as well. We are not an entity that investigates criminal matters. If criminal matters come to our attention we pass them to the Gardaí. So it is a bit undirected to suggest we get hold of hundreds of hours of tapes and trawl through them. There may be people who would have a great financial interest in doing this and they might be able to do it but we are not going to get any more money out of Anglo Irish Bank. If it is to do with criminal matters, we have no authority in that regard. Anyway, it is a question we have looked into. I may not have given the best technical answer and my colleagues may ask me why I did not point out this or that difficulty, which I have forgotten about.

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