Oireachtas Joint and Select Committees

Wednesday, 18 June 2025

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

Israeli Bond Programme: Discussion (Resumed)

2:00 am

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

Níl aon leithscéal faighte againn. No apologies have been received.

Is mian liom na riachtanais bhunreachtúla seo a leanas a mheabhrú do chomhaltaí. Nuair atá páirt á glacadh acu i gcruinnithe poiblí, caithfidh comhaltaí a bheith i láthair go fisiciúil laistigh de theorannacha suímh Theach Laighean. Ní cheadófaí do chomhaltaí páirt a ghlacadh i gcruinnithe poiblí nuair nach bhfuil siad ag cloí leis an riachtanas bunreachtúil seo. Mar sin, má dhéanann aon chomhalta páirt iarracht páirt a ghlacadh ó lasmuigh den suíomh, iarrfaidh mé orthu an cruinniú a fhágáil. Maidir leis seo, iarraim ar chomhaltaí a dheimhniú go bhfuil siad i láthair laistigh de phurláin Theach Laighean sula ndéanann siad aon ionchur sa chruinniú ar Microsoft Teams.

Fiafraítear de chomhaltaí cleachtadh parlaiminte a urramú, nár chóir, más féidir, daoine nó eintiteas a cháineadh ná líomhaintí a dhéanamh ina n-aghaidh ná tuairimí a thabhairt maidir leo ina ainm, ina hainm nó ina n-ainmneacha ar shlí a bhféadfaí iad a aithint. Chomh maith leis sin, fiafraítear díobh gan aon rud a rá a d’fhéadfaí breathnú air mar ábhar díobhálach do dhea-chlú aon duine nó eintiteas. Mar sin, dá bhféadfadh a ráitis a bheith clúmhillteach do dhuine nó d'eintiteas aitheanta, ordófar dóibh éirí as an ráiteas láithreach. Tá sé ríthábhachtach go ngéillfidís don ordú sin láithreach.

I advise members of the constitutional requirement that they must be physically present within the confines of the Leinster House complex in order to participate in public meetings. I will not permit members to participate where they are not adhering to this constitutional requirement. Therefore, members who attempt to participate from outside the precincts will be asked to leave the meeting. In this regard, I ask members participating via MS Teams that, prior to making their contribution to the meeting, they confirm they are on the grounds of the Leinster House complex.

Members are reminded of the long-standing parliamentary practice that they should not criticise or make charges against any person or entity by name or in such a way as to make him, her or it identifiable, or otherwise engage in speech that might be regarded as damaging to the good name of the person or entity. Therefore, if their statements are potentially defamatory in relation to an identifiable person or entity, they will be directed to discontinue their remarks. It is imperative they comply with any such direction.

Today, the committee is considering the Israeli bond programme under the Central Bank of Ireland. Given the widespread opposition in Ireland to the policies and actions of the Israeli Government and its military in Gaza, there is concern in the Oireachtas and among the Irish public about any role the Central Bank has in facilitating the sale of Israeli bonds and how this complies with Ireland's obligations under the United Nations Genocide Convention.

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. Third country issuers must choose one of the EU competent authorities as their home member state, subject to certain criteria set out in the EU prospectus regulation. Prior to 2021, the UK was the EU home member state under the regulation for the State of Israel. Ireland was chosen as its new home member state following the UK's departure from the EU. In line with previous engagements with this committee during the previous Dáil term, the committee understands that the Central Bank can only refuse to approve a prospectus where it has a legal basis to do so. Other than insufficient prospectus disclosure, examples of a legal basis for refusal would be the existence of EU financial sanctions prohibiting the provision of services or assistance in connection with the issuance of securities by the Israeli Government or national restrictive measures to the same effect.

In this context, I welcome our guests today. I welcome na haíonna atá againn inniu. Is iad sin an dochtúir Munir Nuseibah of Al Quds university - this witness is leaving at 5 p.m. so members should get in their questions for him first - and, from the Ireland Palestine Solidarity Campaign, IPSC, Ms Helen Mahony and Mr. Sean Marmion.

I invite Dr. Nuseibah to make his opening statement.

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