Oireachtas Joint and Select Committees
Wednesday, 7 December 2022
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed)
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
Yes, it does. If the Deputy looks again at the new section 33ARA(1)(c)(i), it refers to "how quickly, effectively and completely the person brought the prescribed contravention to the attention of a regulated financial service provider, the Bank or...[the]...relevant regulatory" body. Failing to do so is as relevant an issue as doing something. The reference is to the "degree of cooperation" so the absence of co-operation would certainly be a relevant factor in how the Central Bank would act.
No comments