Oireachtas Joint and Select Committees

Wednesday, 20 September 2023

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

Banking Issues: Central Bank

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

Yes, I will. Mr. Makhlouf wrote to the committee arising from an issue I raised with the Central Bank about accounting standards. Are the witnesses satisfied that these standards are being met? Sorry, are they satisfied that the accountancy bodies are ensuring that their members are using the standards and regulations set down by the European Union and they are not being advised to do otherwise? This is the letter from 9 June. A long time before that, I asked the witnesses to reply to an article in The Irish Timesor the Financial Timeson the non-compliance, if you like, of banks relative to EU regulations.

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