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 Mick BarryMick Barry (Cork North Central, Solidarity) | Oireachtas source

It seems to me that it is possible that one of those people could end up managing my pension fund. It is not in my hands; it is the hands of the Central Bank and the heads of the financial services company.

These 16 individuals held, and I presume still hold, a large number of shares in Davy - in fact, probably a controlling share. They may be forced to move on to other companies, but is the Central Bank in a position to compel them to get rid of those shares? Could it be the case that those 16 individuals will still have a controlling share in this company? Is that theoretically possible?

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