Wednesday, 12 June 2019

Ceisteanna (84, 85)

Michael McGrath

Ceist:

84. Deputy Michael McGrath asked the Minister for Finance his plans to continue with the appointment of a person (details supplied) as Governor of the Central Bank in advance of the conclusion of the investigation he is party to in New Zealand; and if he will make a statement on the matter. [24461/19]

Amharc ar fhreagra

Michael McGrath

Ceist:

85. Deputy Michael McGrath asked the Minister for Finance if the State has entered into a contractual commitment at this stage relating to the appointment of a person (details supplied) as Governor of the Central Bank; and if he will make a statement on the matter. [24462/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I propose to take Questions Nos. 84 and 85 together.

In my answer to PQ 23886/19, I have set out why it would not be appropriate for me or the Government to comment at this time on the investigation by the New Zealand State Services Commissioner into the unauthorised access of New Zealand Budget material and the events surrounding it.   

I understand that Mr. Makhlouf has agreed to the ongoing review as the best approach to establishing the facts of the matter.  He is continuing to work as usual in his role as CEO of the New Zealand Treasury. 

The appointment of the Governor of the Central Bank is provided for under section 19 (1) of the Central Bank Act 1942 (as amended). The Government recommended the appointment of Mr. Makhlouf as Governor of the Central Bank to the President following a comprehensive, open and international process.  The process included a public call for expressions of interest, a comprehensive search using independent executive search firm Merc Partners, a rigorous shortlisting of applicants, psychometric testing of final interview candidates, and a final interview of five candidates. 

Mr. Makhlouf was the recommendation of the independent interview panel. The President signed the warrant appointing Mr. Makhlouf to the role of Governor of the Central Bank of Ireland on 14 May 2019.  He is due to take up his role in September.