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Governor defends Central Bank's handling of 'awkward issues' amid whistleblower criticism

Philip Lane said the Central Bank was open to taking on board suggestions made in the internal audit process
Philip Lane said the Central Bank was open to taking on board suggestions made in the internal audit process

Central Bank Governor Philip Lane has defended the bank's handling of “awkward issues” following criticisms made by a whistleblower who claimed he was told by the bank management to delete negative findings in an internal audit report.

Mr Lane said he could not comment on the specific individual who made the claims because there is an ongoing case involving the former employee before the Workplace Relations Commission.

However, Mr Land said: "I see no reason to suppress awkward issues."

He added the Central Bank was open to taking on board suggestions made in the internal audit process.

However, the bank was criticised by Sinn Féin Deputy Leader Mary Lou McDonald, who attacked it for using consultancy firm Deloitte to assess the claims by the whistleblower.

She said other work performed by the company "raises issues of the independence of their report".

People Before Profit TD Richard Boyd Barrett said he had also been contacted by the whistleblower.

He said the whistleblower, who has now left the Central Bank, was told they would find it difficult to get work elsewhere.

When the individual took up a new position with another company after leaving the Central Bank, they claimed they were unfairly dismissed from that company too.

At the Oireachtas Finance Committee Ms McDonald said the whistleblower won a case against this company at the Workplace Relations Commission.