Oireachtas Joint and Select Committees

Wednesday, 14 February 2024

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

Engagement with the Central Bank of Ireland

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

-----but this is a key issue. The FSPO made this decision late last year. I am surprised there was not earlier discussion between the two entities on it. It would be right for the Central Bank to say that it got this wrong, unless it is just calling out the FSPO and questioning its decision-making. The FSPO said very clearly this is a key decision that is excluded from the law, and the law prevents the FSPO from dealing with an unregulated entity in the same way it does in terms of the Central Bank. There is a point here, which is that the Central Bank has to say that it did not see this coming and it got it wrong. I ask the representatives to think about that when they get the opportunity. I hear what Ms Rowland said about not seeing the decision, that she will probably see it straightaway after this meeting, and will have an opportunity to think about what-----

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