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 Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I will deal with the two points the Deputy has put to me. First, as to whether a financial services provider can pay the fine on behalf of an individual, yes, that is possible - it can. I am advised that changing that would require a lot of careful consideration regarding how it could be done and would take further legislative work. The answer to the Deputy's question is that, yes, it can happen.

Regarding the Deputy's second point, frankly, it is not something I have given to consideration to before. My initial reaction would be one of unease and we would have to consider that further.

Comments

No comments

Log in or join to post a public comment.