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
Rose Conway-Walsh (Mayo, Sinn Fein)
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On that, Mr. Casey correctly stated that the Central Bank has repeated its expectations of the firms it regulates as regards effective measures to mitigate the risk of fraud. They must be proactive in identifying and dealing with cases of fraud and engaging effectively with consumers. How does the Central Bank measure that? If firms do not do so, are there sanctions? What measurement does the Central Bank use to ensure it is done?