Oireachtas Joint and Select Committees

Tuesday, 9 March 2021

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

Central Bank of Ireland: Discussion

Ms Derville Rowland:

Many Central Bank of Ireland staff are authorised officers and have authorised officer powers. Statutory powers of the Central Bank were used in the course of this investigation. This was a very contentious investigation and, because of that, the Central Bank of Ireland had to have recourse to its statutory toolkit for compelled powers to compel large quantities of data and information from the firm.

In that regard, what I am telling the Deputy is that the teams in enforcement make use of statutory powers and they did so on this occasion.

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