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Banking inquiry to access confidential information held by Central Bank

Documents held by the Central Bank will be accessible to the banking inquiry
Documents held by the Central Bank will be accessible to the banking inquiry

The Government is to introduce legislation to allow the banking inquiry access confidential information held by the Central Bank.

The Central Banking (amendment) Act was brought to Cabinet by Minister for Finance Michael Noonan today.

It will provide a mechanism by which the information can be released in confidence to the inquiry by the bank, without breaching the provisions of confidentiality.

The amendment had been sought by the inquiry itself.

Any documents it accesses using the legislation will remain confidential but may inform the conclusions reached by the investigation.