Oireachtas Joint and Select Committees

Wednesday, 3 November 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Central Bank

Photo of Alice-Mary HigginsAlice-Mary Higgins (Independent) | Oireachtas source

I will be very brief. Where are the knock-on effects? Very quickly, will the witnesses speak about where there is an inquiry into somebody who has a particular function in an organisation and is a senior executive? For those who hold multiple roles, will this trigger an inquiry into the other roles they hold? We heard about this from Deputy Farrell. This is something that has caused frustration. We seem to have siloed investigations. It is welcome that it was mentioned in the presentation that there is not a need for a finding of wrongdoing against a firm before there is an inquiry into an individual senior executive. Will the witnesses confirm that if there is an inquiry into wrongdoing in a firm that it will not preclude a parallel investigation into the behaviour of a senior executive? Does this trigger a wider investigation of the individual? If a pattern is emerging of a similar practice in a sector will it trigger a sectoral investigation? Will the witnesses confirm that the investigation of either an individual or a company does not preclude them happening in parallel?

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