Oireachtas Joint and Select Committees

Wednesday, 30 November 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I understand that. What we are referring to here is giving the Central Bank the flexibility to decide whether the commitment of resources is appropriate to pursue a particular matter. In practice, however, while it is important that it be given that role, I have little doubt at all but that if the Central Bank were to pursue a matter that it believed involved a breach of law or a serious issue, and if it did not have the resources available to do that work, they would be made available to it by the Department of Finance and support would be given. I can imagine very few circumstances in which lack of resources would be an impediment to the pursuit of an issue.

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