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

Yes, I think so. I agree with the points and that is why I say it needs to be considered, because there is an unease in that regard. There is also the question of the financial sector being small.

The issue is that it is hard to get information. We are talking about the domestic bank sector, which does so much good too, but in all the big scandals we have had, which we saw too often but which it is to be hoped we have seen the end of and that this legislation will help in that, not once did anybody in a senior level come forward and provide information. It is a small country. You could be ruined. People have been before this committee or have corresponded with it who have never worked a day after bringing information forward. That is why there is a need for this. It is tangential to the legislation but it is important and another piece in the toolbox that is worth considering.

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