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)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I wish to tease out the process for the appointment of a panel from which inquiry members will be drawn. The Minister is going to be the person who will establish a panel from which appointments will be made by the Central Bank. Subsection (2) states, "The members of a panel established under this section shall be appointed by the Minister following a process conducted by the Bank after consulting the Minister." I have several questions on this, setting aside the legislation. I have no issue with how it is drafted or any of the provisions within it, but I would like the Minister to discuss how the measure will apply in practice given he will have a role in it. How many people will be on the panel? By what process will the Central Bank proceed and consult the Minister to allow him to appoint panel members? What are the appropriate qualifications of those to be appointed? Will the Public Appointments Service, for example, be used, or will it simply be the Central Bank?

Will the Minister speak about subsection (7), which relates to "a contract of service or contract for services with a member of a panel", and its implications?

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