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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I move amendment No. 50:

In page 62, line 19, after “section,” to insert “or”.

Given the number of the amendments in this grouping and given the importance of the Bill, I will speak to the grouping to indicate briefly to the committee what the amendments are for. Amendments Nos. 48 to 55, inclusive, deal with the separation of functions during the course of an enquiry. A number of amendments to section 66 are technical in nature and facilitate the insertion of subsections (5) and (6) by amendment No. 52. These refer to amendments No, 48, 50, 51 and 53 to 55, inclusive. Amendment No. 49 amends an incorrect reference in the Bill that should refer to section 33AO. Amendment No. 52 inserts subsection (5) to provide that the person who makes the decision to hold an inquiry shall not be involved in making submissions, in leading evidence, or in examining witnesses on behalf of the Central Bank. Subsection (6) provides that restricted functions shall not be performed by a person who is involved in making submissions, leading evidence or examining witnesses on behalf of the Central Bank at the inquiry.