Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I do not expect the Central Bank to regulate the social media companies. Nobody is suggesting that. However, the Central Bank has adopted a silo approach to this matter. That needs to change. It is doing exactly what is set down in the context of its job and its role. It is scanning, looking, identifying and all the rest, but there could be a logical step, which would be to acknowledge that what I refer to is happening and so on. It is like the Garda stating that its job is to detect crime and all the rest, but it is also a garda’s job to go to the local supermarket if they thinks it is not safe and talk to the owner about having proper locks, alarms and so on. That happens with community policing. However, it is not happening from the Central Bank’s point of view. I do not hear that there are any conversations with online platforms asking if they have proper, robust procedures because the it knows that there is regulated activity taking place on their platforms that is unlawful. Those conversations should be happening at a high level. I do not think that they are; I have no evidence that they are. I would imagine, given the fact that victims are losing millions of euro, that our governor and the CEOs of some of these should have round-table discussions.