Michael McGrath
Question:359. Deputy Michael McGrath asked the Minister for Finance if his Department has undertaken a review of section 33AK of the Central Bank Act 1942; and if he will make a statement on the matter. [26406/16]
View answerFriday, 16 September 2016
Questions (359)
Written answers
The report of the Oireachtas Joint Committee of Inquiry into the Banking Crisis recommended that a full review should take place of section 33AK of the Central Bank Act 1942, to ensure that only documents deemed 'secret' which are independently reviewed by a High Court judge are withheld from any future Oireachtas inquiry.
My Department, under the stewardship of Minister of State Murphy, is working to achieve a holistic response to the recommendations of the Joint Committee. This work has begun with Minister of State Murphy writing to other Ministers with responsibility for recommendations included in the report to seek updates on the actions being taken to address the Joint Committee's recommendations. Minister of State Murphy has also met with Deputy Governor Cyril Roux to discuss the Government's response to the Joint Committee's recommendations.
In tandem with these actions, the Department of Finance and Central Bank have established a multi-disciplinary working group to identify the actions taken to address the Banking Inquiry's recommendations in the banking sector and within both bodies. The responses of Ministers and the working group will form the basis of a Memorandum for Information which the Minister of State will bring to Government in the coming months. A review of section 33AK of the Central Bank Act 1942 is being undertaken as part of this response.