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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I would believe so. I imagine that any Minister for Finance would make the resources available if the Central Bank were to inform him or her that it could not carry out an investigation into suspected activities within a bank or a regulated financial institution. For that reason I do not understand why this provision is in the Bill. I do not think we give the Garda the right to decide not to investigate a crime because of resources. I do not know why this should apply. I understand the motivation behind it but if we are trying to strengthen the law here, I do not think there should be an issue here. If there is an issue with resources, the bank has to come to the Central Fund to look for resources, but there should not be a situation in which we cannot follow up on the fitness of people in our regulated financial institutions or breaches of the law because of lack of resources. I strongly suggest that this provision be deleted from the text of the Bill.

Comments

No comments

Log in or join to post a public comment.