Oireachtas Joint and Select Committees

Thursday, 19 October 2017

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

Engagement with the Central Bank of Ireland

9:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

In how many of the 15 institutions have we seen the Central Bank go in? A total of 26 individuals being assigned to this task is not enough. I know the Central Bank is under-resourced. More people are working in my corner shop than are working on this €500 million fraud. I feel really sorry for the individuals who have this huge burden of expectation that the Irish public has that those 26 staff will deliver this. How many financial institutions has the Central Bank gone into for the purpose of enforcement where it has gone in and looked at the minutes, seized documents, tried to find out who was responsible, whether a cartel was in operation, if directors made a decision, if there were internal whistleblowers and if there were issues of dissent within the banks?

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