Oireachtas Joint and Select Committees

Wednesday, 9 October 2024

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

Engagement with the Central Bank of Ireland

1:30 pm

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

I have butted heads with the Central Bank many times over different consumer protection issues where I thought the Central Bank was slow off the mark, got there eventually, and played a very good role at different times. We have had far too many scandals in financial institutions, not least the tracker mortgage issue but there have been many more. The issue here, for which there is a strong argument, is whether consumer protection should be with the Central Bank anyway because it has that dual role of consumer protection and supervision. Now we do not even have a director of consumer protection any more.

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