Oireachtas Joint and Select Committees

Thursday, 26 January 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business and Banking: Discussion.

10:00 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

The committee will have to adjourn shortly as members need to attend the Dáil Chamber for a vote. I was anxious to have all of the delegates before the committee this morning. We have met Mr. Ó Muilleaneoir before to discuss the concept of the Public Banking Forum of Ireland, one that I support. I hope something will come out of the paper presented. There is a need for another model of credit for the State and another way to do business. It is now up to us as a committee to consider the exchanges we have had today and present a report on the issues involved to the Minister and to take up the matter on a quarterly basis with the Central Bank. I thank all of the delegates for telling us their stories. I can assure them that they will not become just part of the minutes of a meeting. I hope we will be able to continue to pursue the issue. They are welcome to come back to us at any time with further information or tell us about developments. It is generally considered this issue will form part of the committee's agenda from now on. I understand its next meeting with the Central Bank will take place in April. During that meeting we will take up with it some of the issues raised today.

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