Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I appreciate and acknowledge that the Deputy respects the role of the Central Bank, and the work it does and is carrying out on a number of matters in respect of the Irish banking system. I am aware, as I indicated to the Deputy a moment ago, of the report he used to provide a backdrop to the question he put to me. At this stage, I can confirm that the Central Bank is engaged on this matter. It is up to it to decide if it wants to go a stage further. It will then communicate this in a way which befits its role as an independent regulator of our banking system. I am confident that the Central Bank will act appropriately and effectively with regard to this matter if it is deemed it is necessary to do so, and that it has the necessary tools and powers to do so.

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