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
3:30 pm
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
If we leave aside the whistleblower for a moment and just take this report, which was issued by the Central Bank on 29 January 2015, the difficulty is that it does not speak of an organisation that is committed to absolute compliance and the gold standard. It says something very different. To give due recognition, one area in respect of which the bank is compliant is that relating to travel and travel expenses. Sin é. On everything else, the bank is either partially compliant or non-compliant, and Professor Lane thumbs his nose at the idea of compliance in terms of pay. That is obnoxious on the part of the institution he represents.
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