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

The reason I ask is that the Minister has made the point on the Dáil record time and time again that bank remuneration should be linked to accountability in terms of the behaviour of banks, a point with which I agree. A report was done and I presume there is some type of evidence on pay and remuneration. The retail report that was published yesterday contains no evidence whatsoever to back up the Minister's decision, bar what the Banking and Payments Federation Ireland, BPFI, has said. Now that the Cabinet has made a decision, this committee wants to determine whether it should investigate this matter further. It is a function of democracy on behalf of the Irish people that this committee is able to explore these matters. The Minister has had a report on this for three years that he has not published. It is a matter of public interest and the committee unanimously agreed this morning to ask the Minister to give us the report. The decent and right thing for the Minister to do would be to agree to give us the report and to ask his officials to email it to us this evening.

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