Oireachtas Joint and Select Committees

Thursday, 13 April 2017

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

Banking and Financial Regulation: Discussion with Mr. Jonathan Sugarman

10:00 am

Mr. Jonathan Sugarman:

How can they not be breaking it? I was going to refer to the secondary headline in The Irish Times, which states quite clearly that the Central Bank found weak regulatory controls at some IFSC banks and that remediation plans issued after on-site investigations found unacceptable breaches. Here we are ten years later and the Central Bank is saying-----

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