Oireachtas Joint and Select Committees
Wednesday, 10 November 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance
Pearse Doherty (Donegal, Sinn Fein)
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"Some time" has been four and a half years. It is four and a half years since the Central Bank stated it needed these powers. It has taken four and a half years for the Minister to produce not even the legislation but the heads of the Bill. It has taken four and a half years of engagement with the Central Bank and legal counsel. I simply do not believe that. If it takes four and a half years to produce this legislation, there is something seriously wrong. Banks were nationalised overnight. If the Minister gave this Bill the priority he speaks of, it would not have taken four and a half years.