Oireachtas Joint and Select Committees

Tuesday, 26 January 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Banking Sector and Central Bank of Ireland: Discussion

3:20 pm

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

I am relieved to see that that realisation has dawned; it had dawned on the general public quite some time ago. Nonetheless, I am pleased to hear that.

My time is very limited so I will move on. I do not have time to explore the issue of pay with the Governor. For the life of me I do not understand why it is deemed appropriate that the Central Bank be outside the public pay framework of the State. That is arrogance on the Governor's part and on his organisation's part. He might reflect on that.

When the whistleblower came forward - and I appreciate that we cannot get into the specifics or identify people - his view was that he was leaned on and encouraged to change a previous report which made for even worse reading than this. The Governor said in response to an earlier question that he brought in an independent body to adjudicate on that. That was Deloitte & Touche, is that correct?

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