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

4:10 pm

Photo of Dara MurphyDara Murphy (Cork North Central, Fine Gael) | Oireachtas source

I have a question about the Central Bank's audit process. Will it prove the success of the process if banks are told they have not achieved their targets? Is there an excessive emphasis on everyone saying that they are working through the process, including the Central Bank, the Government, and certainly and definitely the banks? Will the audit prove that the Central Bank's process is robust if, for example, it is determined that bank A or bank B has failed?

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