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 asked if this was an isolated incident. I have sought to answer in a general way our approach to intrusive supervision, where we have gone in and demanded that issues are looked at and addressed. I cannot be drawn beyond the answers I have previously given and the additional answers that my colleague, Mr. Sibley, has given. We cannot provide the Deputy with the details around the bond, the value of the bond and when it was distributed, but there was a settlement with a private individual, the details of which have not been made public. Davy can answer those questions better than I can and share with the committee the details around that. There is information in the public domain, to which I cannot add. Equally, the Central Bank could never name individuals or suggest that individuals be named without doing so through a legal power and so there was no prospect of being able to name individuals in the course of an action being-----

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