The Central Bank of Ireland is facing significant scrutiny for its role in approving Israeli war bonds amidst allegations of funding violence in Gaza. During discussions in the Oireachtas Finance Committee, Governor Gabriel Makhlouf clarified that the Central Bank is legally obliged to approve bond prospectuses and cannot impose sanctions without EU backing. Several TDs are calling for actions based on the Genocide Convention, but the Central Bank insists it must adhere to EU financial regulations. A decision on the current bond prospectus is expected in September.
The Central Bank Governor, Gabriel Makhlouf, emphasized that the bank cannot impose sanctions on Israel without backing from the EU and pointed to its obligation under EU regulations.
Ireland’s role in bond approval has come under fire, with calls from TDs to reject Israeli bonds due to concerns over their funding of violence in Gaza.
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