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

I was struck by the fact that the Central Bank seemed as if it had not gone into great detail regarding this matter. I would like to see this issue being investigated, or, at least, the Central Bank providing the information in this regard. I know the witnesses cannot do this here because I just landed them with the question. It concerns me greatly, though, that this happened and there was not a sufficient response from the Central Bank in terms of its regulation of what was certainly a bank, in terms of Anglo Irish Bank, and then of the IBRC, of which there must have been some oversight on the Central Bank's side of things. The central figures involved here are now elderly and they have been fighting this ever since it emerged. I refer to what went wrong here. Like all these cases, though, it takes time, energy and a lot of effort to get information from a bank if it does wish to provide it. I think there was wrongdoing there. I am going to ask the witnesses about it again.

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