Oireachtas Joint and Select Committees
Tuesday, 12 March 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
A Future Framework for Accountability in the Banking Sector: Discussion
Mr. Maurice Crowley:
Obviously, as the Deputy said, we would not be privy to the individual risk mitigation programmes. I know from my own experience and from discussions we have had that any risk mitigation programme that comes from the Central Bank is taken extremely seriously because there are sanctions associated with not fulfilling the requirements in a timely fashion. The only information I have is that the banks are actively engaged in working through the actions identified and agreed with the Central Bank with a view to completing them in a timely manner. I do not know any more than that at this stage but I do know it is being taken very seriously.
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