Oireachtas Joint and Select Committees
Wednesday, 25 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
4:10 pm
Dara Murphy (Cork North Central, Fine Gael)
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I have a question about the Central Bank's audit process. Will it prove the success of the process if banks are told they have not achieved their targets? Is there an excessive emphasis on everyone saying that they are working through the process, including the Central Bank, the Government, and certainly and definitely the banks? Will the audit prove that the Central Bank's process is robust if, for example, it is determined that bank A or bank B has failed?