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Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: Go raibh maith agat. I remind members they are supposed to indicate. Seven people have indicated. Not everybody has indicated. Glaoim ar an Teachta O'Callaghan.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: The way it works with indication is there is not a time limit. That is the way it has been previously in the finance committee. When I sat on the committee and the Deputy's party colleague was the Chair, that was the way it worked. Senator Higgins raised an issue with it during the private meeting. We can come back to that. Glaoim ar an Teachta O'Callaghan.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: As agreed at private committee-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: The way it was agreed in private session-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: As I am the last speaker, I will be the person most impacted.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: That is totally fair. While I am happy to change it, I feel that needs to be changed at our next private meeting for agreement.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: I am happy with that proposal, if members agree. I go by what we have agreed in private session. I am happy to agree to that proposal; no problem. Is that agreed? Agreed.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: Very briefly.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: Yes, Ms McMunn said it is on the request of the issuer.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: I call an Teachta McGreehan.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: There is a vótáil.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: Can a Senator take the Chair if it is a vote in the Dáil? We have to suspend because there is vote in the Dáil.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: As soon as the vote is held. The Senator's time is up. It will be back to me initially when we return, and then we can go to her.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: We will resume in public session. I will start with something that was in the news recently, namely the shots fired towards or in the vicinity of Irish soldiers in Lebanon by Israel. The Tánaiste said "It's clear to me that the actions of the IDF were reckless, intimidatory, totally unacceptable and a clear breach of the international rules surrounding peacekeeping.” We know...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: I understand-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: I am stuck for time, but go on.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: Mr. Makhlouf can understand that seems crazy when we have heard from the CEO that this is to support the war effort or what I would call a genocide. Here in this particular instance, we are talking about our own troops being shot at and the fact that these bonds are supposedly helping a war effort. That this prospectus regulation supersedes that makes no sense and is unconscionable to me.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: If a soldier had been killed at that point would it change anything? Is it all still about the prospectus?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: Yes of course, we are talking hypotheticals.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Central Bank of Ireland (11 Jun 2025)

Mairéad Farrell: Ultimately, Mr. Makhlouf is saying that the prospectus regulation would still supersede it. That seems-----

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