Josepha Madigan (Dublin Rathdown, Fine Gael) | Oireachtas source

I thank the Central Bank representatives for the presentation. It occurs to me that there was an unprecedented level of recruitment, but it is precisely because of this that the policy should have been looked at, perhaps, before a recruitment process was put in place. It is done now, but I would have thought it would have happened and that it would have triggered a check in the ordinary course when the bank was expanding.

Mr. Quinn has said guidelines are now in place that the bank accepts and also that the bank accepts the report. How do we know there are not other internal processes? Will those responsible carry out another internal review of the Central Bank and how it looks at these processes? The relevant people were not aware of this until it was highlighted. How can we safeguard this not happening again with other issues in the bank?