Oireachtas Joint and Select Committees

Thursday, 19 January 2017

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

We will write back. I was extremely disappointed with the response from the Governor of the Central Bank, which is why I followed it up directly with the Minister by way of parliamentary question. I am actually not happy with the reply I received from the Minister either. That letter from the Governor was a brush-off and we will not take it. That is all I will say. As such, we will ask the clerk to take on board what has been said and to seek a more detailed response. The one we received is not satisfactory. We will come back to that. We will want a further explanation and to know whether they have sent the thing on. The essence of this is that some of these complaints pre-date the point at which the European Central Bank became the prudential supervisor of the significant financial institutions. Who is responsible? The response from the Central Bank and the reply to the parliamentary question did provide an answer. We will come back to this correspondence when we get further information.

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