Central Bank (Individual Accountability Framework) Bill 2022: Report and Final Stages
Seanad Éireann — 2023-02-22
============================================================

Frances Black (IND), Industrial and Commercial Panel

I move amendment No. 9:
In page 52, between lines 16 and 17, to insert the following:
“(ia) whether it has had a widespread impact on the welfare of the State generally,”.”.
The amendment seeks to stipulate that when imposing a sanction on an individual, consideration should be given to the effect of the prescribed convention with regard to whether it has had a widespread impact on the welfare of the State generally. This is a slight alteration to our amendment on Committee Stage as its narrowed to only include the welfare of the State. This goes back to the historical piece on where this legislation is coming from, that is, the devastating effect the banking crisis had on our society, effects of which are still felt today.
I urge the Minister of State to accept the amendment. If there is to be true accountability, there needs to be a recognition of how actions in this sector impact on society and our collective well-being as a nation. This is a key opportunity to reflect the spirit of the Bill.

---

Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted.

Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2023-02-22/debate/main
Retrieved: 2026-08-14T04:51:36+00:00
Sitting date: 2023-02-22