Liam Twomey (Wexford, Fine Gael) | Oireachtas source

I remind members to ensure that their mobile phones are switched off. This is important as it causes serious problems for broadcasting, editorial and sound staff. Today's business is the overview of the banking sector and issues relating to the Central Bank of Ireland. I welcome Professor Philip Lane in his new role as Governor of the Central Bank. While this may be last committee meeting before the much anticipated election, it is important that we have the opportunity to consider developments in the banking and financial services industry as well as developments within the Central Bank itself. The format of the meeting will be such that Professor Lane will make some opening remarks, which will be followed by a question and answer session.

I draw the attention of witnesses to the fact that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the committee. However, if they are directed by the committee to cease giving evidence on a particular matter and they continue to so do, they are entitled thereafter only to a qualified privilege in respect of their evidence. They are directed that only evidence connected with the subject matter of these proceedings is to be given and they are asked to respect the parliamentary practice to the effect that, where possible, they should not criticise or make charges against any person, persons or entity by name or in such a way as to make him, her or it identifiable.

Members are reminded of the long-standing parliamentary practice to the effect that they should not comment on, criticise or make charges against a person outside the House or an official either by name or in such a way as to make him or her identifiable.

I am stressing this because there is an issue about an inquiry within the Central Bank and I do not want people naming names.