Oireachtas Joint and Select Committees

Thursday, 18 April 2019

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

Matters Relating to the Banking Sector: Central Bank of Ireland

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

My second question is a brief one. In the context of Brexit, the threat of Brexit is now postponed for a period of time although we do not quite know for how long, but we clearly have issues with the Border. We do not want to see a hard border returned. On the other hand, we do not want to see massive illicit trade being generated as a consequence. Can Ms Cunningham tell us from her contacts with the North and with institutions in Northern Ireland what the Central Bank has been doing to set in place a framework that will provide for the deterrence of smuggling and money laundering post Brexit and also ensure that in co-operation with institutions in the North, we do not have a massive zone along the Border which becomes dominated by smuggling? We are obviously hoping that the best Brexit for Ireland is no Brexit. Nonetheless, it would look now that one way or the other, that it is likely that the status of the relationship between the United Kingdom, the Republic of Ireland and the EU will change. What is the Central Bank's involvement there? That is one of the big issues potentially coming down the line.

Comments

No comments

Log in or join to post a public comment.