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

Ms Helen Mahony:

The State is responsible for the organs of State under the ICJ ruling. Separately, individuals, whether they be in a bank, or any other business are liable as individuals. They are liable for criminal prosecution. There is a section in our submission that deals with the UN guiding principles for businesses and the OECD recommendations for financial institutions. This has been set out in other documents from the UN. It is clearly set out that a company can be liable and is liable and is obligated to abide by the responsibility to protect human rights in all of its businesses. There is also lots of guidance for financial institutions.

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