Oireachtas Joint and Select Committees

Thursday, 4 October 2018

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

Banking Sector: Quarterly Engagement with the Central Bank

9:30 am

Professor Philip Lane:

I am aware of it. It has nothing to do with how any individual is treated by any bank or investment fund; it is purely a data gathering exercise. The Central Bank has a statistical function and gathers information from all of the entities. It was simply a case of some investment funds having their own calculations which were at odds with how the banks, under regulation, decided these things. It does not change the picture on how anyone is treated.

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