Oireachtas Joint and Select Committees

Wednesday, 25 January 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Economic Issues: Engagement with Governor of the Central Bank of Ireland

Mr. Vasileios Madouros:

Mr. Kincaid may wish to jump in as well, but it is fair to say that we have less visibility when it is cross-border investment and happening from abroad. That is equally the case from a supervisory perspective. In the context of some segments of the investment market, such as the one I mentioned earlier and that I will come back to again in the context of the commercial real estate market, much of this activity is being undertaken by investment funds authorised in Ireland by us, even if their underlying investors are cross-border. In that case, we have visibility and tools and we supervise them.

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