Oireachtas Joint and Select Committees

Thursday, 10 May 2018

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

Banking Sector: Quarterly Engagement with the Central Bank of Ireland

9:30 am

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

It is very difficult because the OECD has a different definition of the digital economy from that used by the IMF, for example, and there is no individual impact assessment being carried out for member states. Is it the responsibility of the Irish Central Bank, if it sees a policy being devised in Europe that could present a real threat to our economy but where that risk is not being quantified before policymakers make a final decision to implement it, to respond as guardian of our financial system?

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