Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

Cuirim fáilte roimh an finné agus gabhaim comhghairdeas leis. I want to return to the internal audit report on compliance with governance with State bodies which the Central Bank helpfully published just before Christmas, on foot of the controversy to which Deputy Boyd Barrett referred. This report made very bad reading. Partial compliance and non-compliance was the order of the day. I thought it was quite shocking given that this is the Central Bank and we should expect the gold standard from the body that oversees all others. Some of the issues included a lack of risk expertise on the risk committee; not subscribing to the code of remuneration or pay; a general disregard for risk management in internal controls; an internal audit that had not been updated since 2011; not subscribing to the code for tendering or procurement; and so on. According to its website the Central Bank has remedied some of the issues that arose. Would the Governor accept that the report made very bad reading?