Oireachtas Joint and Select Committees

Wednesday, 21 October 2020

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

Engagement with Governor of the Central Bank

Photo of Neale RichmondNeale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source

Throughout the Brexit debate, many people have looked at financial services as a challenge and an opportunity for Ireland with regard to the post-Brexit surrounds. Will the witnesses brief us on the number of relocations from the UK to the State? A series of parliamentary questions I tabled to the Minister for Finance show that a relatively small number of new banking licences have been authorised by the Central Bank. Will the witnesses brief us on the level of movement in terms of capital and assets? What is the movement of jobs and people? Will the witnesses quantify this? How do they see the Central Bank's role when it comes to competing with other EU member states to attract talent to the EU from the UK? I know the Central Bank has a very specific role, which changed following 2008. When we see the activities of the central bank in Luxembourg it raises a concern that this potential opportunity in financial services cannot be realised.

Comments

No comments

Log in or join to post a public comment.