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
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
I am sorry for probing this but I have a concern about this. I understand the macrofinancial implications and have a view on it. Where a company is funding projects in the State from outside it, does the Central Bank have the reach to determine if it can sustain any financial blips as it develops its projects or is it the case that this sector, in forestry and housing, is open to an extra vulnerability because the Central Bank cannot apply sufficient oversight to them?
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