Oireachtas Joint and Select Committees

Thursday, 6 December 2018

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

I see in this report that the Minister is the competent authority in respect of the operators of essential services, which we spoke about, and the digital service providers. If there is an issue, there is some political and democratic accountability through the Minister. The document also says, however, that the Central Bank is the designated competent authority in respect of the financial and banking market. Given the importance of the financial sector, is there a representative from the Central Bank on the group? It would be a calamity if one bank, or every bank, went down and nobody could get their money out of the machine.

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