Colm Burke (Cork North-Central, Fine Gael) | Oireachtas source

I thank the Governor and his staff for the presentation. The second paragraph and the last paragraph of the written statement clearly sets out the position of the Central Bank in stating that it finds what is going on to be absolutely appalling. In his opening remarks, Mr. Makhlouf stated: "Under the EU prospectus regulation, a prospectus must be drawn up, approved and published when securities are to be offered to the public or admitted to trading on a regulated market in the EU." In the context of securities, what evidence is provided to the Central Bank in respect of those securities? It is a prospectus that the Central Bank is approving but what evidence is provided in respect of the securities?