Oireachtas Joint and Select Committees

Wednesday, 19 June 2019

Seanad Committee on the Withdrawal of the United Kingdom from the European Union

Engagement with the Central Bank of Ireland

Photo of Niall Ó DonnghaileNiall Ó Donnghaile (Sinn Fein) | Oireachtas source

I apologise to the Chairman and the witnesses as I was involved in a debate on a Bill in the Seanad Chamber. I read over the opening statement and there is an understandable frankness in terms of the severity of the impact of Brexit, whether there is a deal or otherwise. While I agree with the assertion that any type of Brexit is negative for us in Ireland, do the witnesses have a view on the importance and significance of the backstop in the context of the Central Bank’s remit and work? I ask the witnesses to refer to that. I do not have any further questions per seat this stage, I ask others on the back of the responses. The lack of comment on the significance of the backstop in terms of the Central Bank’s remit and work and the businesses that will be impacted as a result of Brexit was probably an unintentional omission from the remarks that I have seen.

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