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 do not believe we should pay people. We should not have to pay people for revealing wrongdoing or reward them for so doing. That is my initial reaction to it. With regard to people who bring forward information under whistleblowing legislation, in my experience, the overwhelming majority of them do it for good reasons. I worry that offering financial reward for that could send out the wrong signal. That is just an initial reaction. I am sure, if it has been in operation in the SEC in America, that they have given that matter consideration and considered whether it could be a trigger to vexatious claims. That would be my initial reaction.

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