Central Bank of Ireland
Dail Éireann — 2026-06-25
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Cian O'Callaghan (SD), Dublin Bay North

I welcome any engagement the Minister has with the EU Commission on this but there are actions the Irish Government can take. It was very clear when the Central Bank officials were before the Oireachtas finance committee about a year ago that the bank was saying it would comply if there were any domestic law or instruction on this. Indeed, in the Minister's reply he spoke about the Central Bank following its legal obligations.
The key is that there are no national restrictive measures put in place by the Irish Government when it comes to this, and the Government could be doing that. Article 65.1(b) of the Treaty on the Functioning of the European Union allows restrictions on grounds of public policy or public security. Clearly, there are public policy grounds here. The Irish Government has made its position clear in terms of recognising the State of Palestine, the submissions to the International Court of Justice and calling for EU action.
There is the ability for the Government to act and put legal restrictive measures in place on public policy grounds, and then the Central Bank would follow those. It is welcome that the Minister is engaging with the EU Commission, but who knows if anything concrete will ever actually come out of that? I am asking whether the Minister will take on board the measures called for by the Oireachtas joint committee for the Government to take action on restrictive grounds.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-25/debate/main
Retrieved: 2026-08-27T06:54:51+00:00
Sitting date: 2026-06-25