Oireachtas Joint and Select Committees

Thursday, 23 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

I had a general conversation, in which I raised issues in relation to matters which were developing in the Irish banking structure. I didn't have, if you like, a question-and-answer dialogue with the Central Bank Act in my hand because, bear in mind, Deputy, as we were constantly reminded - and still are - that the Central Bank is independent. So it was a conversation and a discussion in which, on behalf of my own political party, I put forward my concerns.

But the Central Bank Governor did not respond as though that Governor was accountable to me because the legal position was that Governor was independent, and I could certainly raise issues with the Governor, which I did.

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