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

Professor Philip Lane:

Let me just say that this twin-track approach is important. In these reports we are focusing in on how we are trying to deliver redress and compensation to those affected because all of those individual families require and deserve that as soon as possible. Our normal way to make sure our regulations are upheld and that violations are sanctioned is through enforcement and that is ongoing. The reality of the enforcement process is that it takes a long time and it will be ongoing.

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