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

What reach does this have? I know all legislation has international reach but given that people in financial institutions are mobile and international banks exist and so on and so forth, even if they are not resident here, the Central Bank has the powers to prosecute them for any of these breaches. Does it have all the powers in terms of sanctions and all the rest and does that apply to somebody who has left bank X and has moved to bank B in Germany? How does that apply, or does it apply?

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