Oireachtas Joint and Select Committees

Wednesday, 15 October 2025

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

Scrutiny of EU Legislative Proposals

2:00 am

Ms Paola Lo Bue Oddo:

I am sorry about that. In Article 14 of the SAFE regulation, there are provisions related to inserting controls and audits in the loan agreements. We will conclude the loan agreements towards early 2026, with the member states taking the loans. They will be specific to each member state and we will insert any necessary provisions regarding controls and audits that respect Article 223 of the financial regulation. This includes any conditions related to fraud and default. It is really those standard conditions present in the financial regulation that will ensure that we have sound financial management rules in place and that the rule of law is also respected.