Gerald Nash (Louth, Labour) | Oireachtas source

That is a significant statement. The Governor has put on the public record the kinds of questions we expect the Central Bank to ask of the Israeli state if it requests the renewal of the prospectus. I am glad he raised the prospect of the potential viability of the financial system and the public finances of the Israeli state in respect of the genocide that is happening at the moment and the response of the international community and the impact that might have.

As Governor of the Central Bank of Ireland, he is also a member of the governing board of the European Central Bank. Undoubtedly, given the exposure of the European Union financially to Israel, there are concerns. There must be concerns about what is happening in Israel at the moment. That then leads to the concerns we have here as a committee in respect of the completeness of the prospectus and the information that is made available and the information that the Central Bank has required it to make available. We have concerns in that regard. In the context of the Governor's membership of the board of governors of the European Central Bank, has the question of how competent bodies, the Central Bank of Ireland in this case, handle the matter of doing Israel's business been raised, either formally or informally, at ECB board of governors level, especially with regard to how the prospectus is handled and how these matters might be handled going forward?