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:
The Deputy listed a number of companies, the list of which I do not have in front of me. What I can tell him in general terms, because, again, I cannot be drawn into specifics, is that the Central Bank of Ireland has very serious rules about authoring firms. It also has very serious powers with regard to the fitness and probity of individuals who have senior roles in those firms influencing the conduct of those firms and the way they run their business. We take those obligations very seriously. As a general comment, we also have roles scrutinising shareholding at certain thresholds against certain specified criteria for regulated entities. That is the general position. I cannot be drawn on specifics save to say that we are highly focused on this issue and will look at doing our job effectively and with diligence considering all that.
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