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
Mr. Ed Sibley:
To the best of my knowledge, there is no automatic notification in that circumstance. Where we would see that, from a supervision or prudential regulation perspective, is from an operational risk perspective. Where firms have litigation issues, that would be something that we would be actively engaged in from an operational risk perspective. Whether they win or lose when the case comes to court, it would be something that they should be actively managing from an operational risk perspective.
No comments