Gerry Horkan (Fianna Fail) | Oireachtas source

Today we continue our deliberations on a future framework for accountability in the banking sector with an engagement with representatives of the Central Bank of Ireland. I am pleased to welcome Ms Seana Cunningham, director of enforcement and anti-money laundering, Ms Mary-Elizabeth McMunn, director of credit institutions supervision, and Mr. Gerry Cross, director of financial regulation policy and risk.

I wish to advise the witnesses that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to the committee. However, if they are directed by the committee to cease giving evidence on a particular matter and they continue to so do, they are entitled thereafter only to a qualified privilege in respect of their evidence. They are directed that only evidence connected with the subject matter of these proceedings is to be given and they are asked to respect the parliamentary practice to the effect that, where possible, they should not criticise or make charges against any person, persons or entity by name or in such a way as to make him, her or it identifiable.

Members are reminded of the long-standing parliamentary practice to the effect that they should not comment on, criticise or make charges against a person outside the House or an official either by name or in such a way as to make him or her identifiable.

I invite Mr. Cross to make the opening presentation.