Oireachtas Joint and Select Committees

Tuesday, 24 October 2023

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

Authorised Push Payment Fraud: Discussion (Resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I welcome that. Like the social media platforms, BPFI is in the country for quite a long time and so is Bank of Ireland, for a couple of hundred years, and AIB. I am sure the witnesses know their addresses as well. The CEOs came before us. This is word for word what they told us. This does not need a multistakeholder forum at this stage. BPFI represents the financial industry here in this State. I am not just dealing with Mr. Ó Broin's company. Google is exactly the same. Surely to God someone in those companies can pick up the phone to Brian Hayes and say "Maybe we should just chat about this" and figure out how to set up a pathway for financial institutions to report fraud. The platforms could then give feedback on that because there is no feedback either.

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