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
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
Yes, that is correct. One of the issues this Bill is trying to address is not just some of the difficulties we have just discussed regarding how long it can take to identify an incident. While that is a key issue, it is also to address the risk that somebody might decide to resign and by resigning from a controlled function, they would then argue they are not subject to the scope of the law. One of the intentions behind this Bill is if somebody does resign from a controlled function, and let us say they have left the industry, they are still subject to this legislation within the six-year window.
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