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 Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

The reason I brought that up is because a question was asked about the identity of the individuals involved in this malpractice. Those names are not known. That has a serious implication for society because those individuals could well be involved in very responsible roles in other organisations. We do not know the influence they have or whether they work for the State or other banks. We, the representatives of the people, are blind to the identity of these individuals. If a young person was caught robbing a toaster from a shop, his or her identity would be known to everybody. It is very hard for people to understand how the identity of these individuals is not known.

I apologise if I have understood the situation incorrectly. I am not saying that the Central Bank is in any way acting outside of the law. We as legislators have to understand the law and make provision in future for what happens in this way.

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