Oireachtas Joint and Select Committees

Wednesday, 7 December 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed)

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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It does not because the key word is "planning". It will depend on evidence being made available to show planning has occurred. Assuming such evidence is available, I am satisfied the way the conduct standard is laid out with reference to the need to act with "regard to the legitimate interests of the regulated financial service provider ...[and its] customers" would cover off the planning of a contravention as opposed to being in addition to the act, delivery or completion of the contravention.