Oireachtas Joint and Select Committees

Tuesday, 16 May 2017

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

Brexit - Recent Developments and Future Negotiations: Discussion

4:00 pm

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

It seems that the Central Bank of Ireland is taking a much harder line on measures it must be implement than central banks in other member states. This will have a negative effect in attracting financial service companies to relocate to Ireland rather than elsewhere, including Paris and Frankfurt. It has been brought to our attention a number of times that the Central Bank is taking a much harder line than other central banks which may be the result of the bailout and other countries having stronger financial balance sheets. It appears to be an issue. Has it been discussed with the Central Bank?

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