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

Ms Derville Rowland:

Where we find regulatory breaches, we have all the enforcement options available to us. They are not just administrative sanctions - there is a set of powers of direction and other powers within the regulatory escalation pyramid and we have the appropriate tools to get at the harm we see, depending on the breaches. We have fitness and probity powers, administrative sanction powers and other powers.

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