Oireachtas Joint and Select Committees
Thursday, 5 December 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank: Discussion
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Is the Central Bank not conflicted in its functions? It seems to me the Central Bank's number one priority is to uphold financial stability and that is for good reasons. Mr. Makhlouf added the rider that it is in the public interest and for the common good to do so but where there is a conflict between protecting the interests of consumers and upholding financial stability, financial stability will always win out for obvious reasons. To whom does the director of consumer protection report to in the Central Bank?
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