European and national laws give us a number of powers that we exercise, while also defining the limits of our role. A core objective of the Central Bank is to be trusted by the public, whose interests we serve. It behoves us to explain clearly what we do and what we don’t do.
This is why we publish a performance statement every spring in relation to our financial relation function, come in front of the Oireachtas at its discretion, and explain our actions throughout the year. Today, I’d like to explain a little more about our mandate and our work by offering concrete examples on three areas: residential mortgages, domestic insurance, and Brexit.