Oireachtas Joint and Select Committees

Wednesday, 11 June 2025

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

Israeli Bond Programme: Central Bank of Ireland

2:00 am

Photo of Mairéad FarrellMairéad Farrell (Galway West, Sinn Fein) | Oireachtas source

That is fair enough, but at the end of the day, I do not think anyone wants any hand, act or part in this. That is the fundamental issue. Whether it was a very small amount or a very large amount, for most people the fundamental issue is that we do not want any Irish involvement in this. I take your point. I am sure you have read things which you think are incorrect or whatever it may be, but that is the fundamental point for most people. Mr. Makhlouf has said that the Central Bank is guided by the EU prospectus regulation, which we have heard a lot of talk about. I am no legal expert but I feel like this is a situation of a conflict of law as to whether the law, in the form of the Genocide Act 1973, takes precedence over the regulation. Is Mr. Makhlouf saying that this prospectus regulation supersedes everything?

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