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Joint Oireachtas Committee on Climate, Environment and Energy: Climate Change Targets 2026-2030: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: On public procurement, DĂșn Laoghaire was mentioned as a project that had a better energy approach. How important is it to use the lifecycle or a quality approach in procurement to drive standards for public procurement?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: This committee has a function relating to the Central Bank in that we are the committee charged with oversight of the Central Bank and its operations. The witnesses will understand that we also need to ensure we are performing our function and that we are not in any way obstructed in that work. What we are trying to look at is the Central Bank and the performance of its functions. I...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: Perhaps I will go. Can Deputy O'Callaghan continue and I can come back in?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: Perfect. I have a set of questions I wish to ask.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: I will be back shortly.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: There is a vote later which I will have to leave for, but I do not have to leave now.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: I will probably circle back to similar issues but I will first discuss the recommendations of this committee. On recommendation 3, we had requested and recommended that the Central Bank would conduct an immediate internal review in advance of any renewal. Again, that is not a matter of who renews it. It is in advance of any renewal. We had looked for an immediate internal review to...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: That is recommendation 9. We might come back to that later but right now I am specifically asking about the immediate internal review that we had requested-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: -----and recommendation 5, in relation to the seeking of supplementary information.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: I did not really get an answer, frankly. We looked for an immediate internal review on the required level of disclosure, accuracy and transparency again. I am asking if that happened in August. I am also specifically asking whether supplementary information was sought. I am not asking Mr. Cross to outline the details and so forth. Did the Central Bank act on recommendation 5 and did it...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: I am not asking how. I am asking, if.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: So Mr. Cross will not tell us if the Central Bank sought supplementary information. I am not even asking for the detail of that communication.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: It is concerning, if the committee is making recommendations, that Central Bank will not tell us if it acted on our recommendations. I am framing it in relation to the recommendation made to the Central Bank. I am not look for its communications with others. It is about whether it acted on what we recommended. We will park recommendations 3 and 5. We have not been told if there was an...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: Mr. Cross is not disclosing whether or not the Central Bank sought supplementary information as requested.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: Going back to some of the questions around the approval of the approval point, and this is the other piece - I would ask Mr. Cross about the review - in the approval of the approval, to be clear, we heard Ireland is the home state and is the home state on an ongoing basis-----

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: The approval of the transfer of the responsibility for approval. As Ireland is the home state and because the issuer has requested permission to transfer the approval process to Luxembourg and the authority there, is it not the case that the Central Bank could have refused or agreed to approve that transfer of approval?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: The Central Bank could have said yes or no.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (22 Oct 2025)

Alice-Mary Higgins: I am going to be going through those.

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