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 Maria ByrneMaria Byrne (Fine Gael) | Oireachtas source

Apologies, I had another committee meeting earlier and that is why I was not physically here but I read the opening statement. I have two questions. We now have the bank levy and the new proposals about access to cash and all focus mainly on the three retail banks. Is the CBI concerned about possible unintended consequences for consumers by the State hiking up fixed costs for retail banks? That is my first question.

The committee has previously discussed issues of fraud. Have the witnesses met with Meta or Google about their role in protecting consumers and maintaining confidence in the financial system? Some 60% of reports show that it is being suggested to people that they purchase online from ads on social media, yet so many of them are fraudulent sites.

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