Oireachtas Joint and Select Committees

Wednesday, 12 July 2023

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

Authorised Push Payment Fraud: Central Bank of Ireland

Mr. Colm Kincaid:

When we look at the topic of authorised push payment fraud in particular, given the strong presence of electronic communications and online activity in it, one is swimming up-current if one does not try to deal with that. The Central Bank will play its role and will always deliver any statutory function assigned to it. However, it is important that we also look at the other commercial actors that are involved.