Gerry Horkan (Fianna Fail) | Oireachtas source

We are dealing with No. 6, session B on Brexit matters relating to financial services, resumed.

We are joined by Mr. Ed Sibley, director of credit institutions, Mr. Gerry Cross, director of policy and risk, and Mr. John Flynn, head of Irish economic analysis, from Central Bank of Ireland. I welcome Mr. Sibley, Mr. Cross and Mr. Flynn to the meeting.

Before we hear from the witnesses I must draw their attention to a privilege notice that I am obliged to read to them. I wish to advise the witnesses to the fact that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the committee. However, if they are directed by the committee to cease giving evidence on a particular matter and they continue to so do, they are entitled thereafter only to a qualified privilege in respect of their evidence. They are directed that only evidence connected with the subject matter of these proceedings is to be given and they are asked to respect the parliamentary practice to the effect that, where possible, they should not criticise or make charges against any person, persons or entity by name or in such a way as to make him, her or it identifiable.

I invite Mr. Sibley to making his opening remarks.