Seanad debates

Thursday, 20 July 2017

Asian Infrastructure Investment Bank Bill 2017: Committee and Remaining Stages

 

10:30 am

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

European banks, for example, are subject to some form of central bank control. However, I presume the AIIB is made up of various governments so there will be no control over the bank. It can lend with the agreement of governments or the board that governs it but it is not governed by anyone. Is that correct?

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