John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

We are joined by the Governor of the Central Bank of Ireland and his colleagues. They are all very welcome. We will commence with an opening statement and then members can engage with the Governor on any of the issues on the agenda, of which they have been notified. I remind members to turn off their mobile telephones.

I will read a note on privilege. The evidence given by witnesses who are present in the room is protected by absolute privilege. Attendees who are not in the room or who are elsewhere on the campus might not have full privilege. Members are reminded of the long-standing parliamentary practice to the effect that they should not comment on, criticise or make charges against a person outside the House or an official either by name or in such a way as to make him, her or it identifiable.

Everyone is very welcome to the meeting. I especially welcome Ms Lucy Scanlon from Balbriggan, who is on work experience with Deputy Farrell. I am sure she will get lots of knowledge from the Deputy during her mission in Leinster House. I wish her well.

I invite the Governor to give his opening statement.