Oireachtas Joint and Select Committees

Tuesday, 28 May 2019

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

Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein)
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Go raibh maith agat and I thank the witnesses for their presentations. Has anything been learned or has anything changed? This paints a really bad picture of where things are at. I am concerned that the banks are in to this committee time and time again, including the Central Bank. Do the witnesses know why the Central Bank is not addressing these matters? They have said that there are liquidity problems, losses are being hidden and we are not being given the true picture. There are the different layers of the standards bodies and the Central Bank, which is the regulator. There are also the big four audit companies. Similar to the situation in Britain we have asked for those audit companies to be examined and to come before the Competition and Consumer Protection Commission, an issue I feel strongly about. It is almost like there is collusion there. Will the witnesses speak to that in the context of what has changed?