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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I appreciate that. I will go through the steps and the Minister can correct me if I am wrong. The Central Bank identifies an issue or an issue is reported to it. It carries out an investigation. It has to notify the individual who is the subject of the investigation and give the individual the right to furnish information within seven days. The Central Bank then concludes its investigation, taking on board any submissions that it has received and it issues a report. Is that correct? I presume the report will contain recommendations in relation to the suspension of an individual or whatever. To whom is the report issued? Does the investigation need to get High Court approval before you can issue the suspension for the three months or not?
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