Oireachtas Joint and Select Committees
Thursday, 5 December 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank: Discussion
Mr. Gabriel Makhlouf:
I mentioned our mission earlier, which is to maintain monetary and financial stability, to look after the interests of consumers and to make sure the financial system works for the wider economy. All of these interact and interlock. They are intertwined. Describing one as being more important than another might lead people to come to the wrong conclusion.
However, everything we do is in the public interest. The hierarchy of our responsibilities starts with delivering in the public interest and ends with delivering in the public interest. That is sometimes reflected in the actions we take on consumer protection and sometimes it is reflected in the actions we take on prudential regulation but those actions are all centred on protecting the public interest.
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