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:

I will ask Mr. Murphy to speak about that in a moment. Mr. Casey has the relevant policy and Mr. Murphy has the task of supervising what the Deputy is asking about. One of the reasons we take the approach of setting specific expectations is that we want to see firms being proactive and responsive, as Mr. Casey said. We do not see minimum compliance with the basic requirements of the legislation as being all that is required of the firms. I ask Mr. Murphy to speak about setting those expectations and what we are seeing in the firms as regards their investment.