Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Ms Rowland outlined the origins but the code still exists. I assume the Central Bank of Ireland does not just introduce a code and then leave it for 30 years. Numerous Deputies, including the current Minister for Finance, myself and many members of the committee have raised questions about the code in the past. We know how parliamentary questions work: they go to the Minister, the Secretary General and the Governor of the Central Bank. I presume that when the former Minister, Deputy Noonan, answered the parliamentary question tabled by the current Minister for Finance, Deputy Donohoe, and indicated that, notwithstanding its voluntary nature, he expected all State banks to implement the code in full, this was flagged to the Central Bank and the Minister's response was known to it at that time.