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

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

I am aware I am pressed for time. The Davy consortium was formed in November 2014 and was subject to media reports four months later. In that light, we can only assume that the Central Bank discovered this transaction in March 2015. We have been waiting six years for this investigation to conclude. That strikes me as being an extremely long time. The witnesses spoke about needing extra powers, but do they have sufficient staff to carry out such investigations in future? Will Ms Rowland provide an explanation for the time this investigation took before we got a finding?

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