Bonds facilitated by the Central Bank are marketed to fund Israel\u2019s genocidal campaign, the documents of which fail to warn investors of the legal and criminal risks of complicity in atrocious crimes, according to Social Democrats justice spokesperson Gary Gannon.<\/p>\n
Speaking today, Deputy Gannon said:<\/p>\n
\u201cThe legal action questions whether Ireland\u2019s financial regulatory system can remain silent in the face of such grave international developments.<\/p>\n
\u201cThe Taoiseach has said clearly in the D\u00e1il that what\u2019s happening in Gaza is genocide. Arrest warrants have been issued by the International Criminal Court.<\/p>\n
\u201cThese are not distant issues – they raise urgent legal and moral questions for Ireland.<\/p>\n
\u201cUnder Irish and EU law, regulators must ensure that all material risks are disclosed – the Central Bank had both the power and the duty to act and it failed to do so.<\/p>\n
\u201cThese bonds are not neutral financial instruments. They are a funding pipeline for a military campaign that includes the bombardment and starvation of thousands of civilians.<\/p>\n
\u201cWhile this is a technical case grounded in EU investor protection law, the issues at stake are deeply moral and ask whether our laws, Irish, European, and international, have the capacity to respond to that reality.<\/p>\n
\u201cThis isn\u2019t about politics. It\u2019s about whether our institutions act when confronted with the gravest of human rights violations.<\/p>\n
\u201cThe Central Bank has the power under Article 42 of EU Markets in Financial Instruments Regulation (MiFIR) to prohibit the sale of bonds that pose serious investor protection risks. If financing a regime accused of genocide doesn\u2019t meet that threshold, what does?<\/p>\n
\u201cIn the current context, there is a clear responsibility to assess whether those powers must now be used.\u201d<\/p>\n
July 24th, 2025<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Bonds facilitated by the Central Bank are marketed to fund Israel\u2019s genocidal campaign, the documents of which fail to warn investors of the legal and criminal risks of complicity in atrocious crimes, according to Social Democrats justice spokesperson Gary Gannon. Speaking today, Deputy Gannon said: \u201cThe legal action questions whether Ireland\u2019s financial regulatory system can […]<\/p>\n","protected":false},"author":3,"featured_media":11685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316,529,7],"tags":[],"class_list":["post-13185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gary-gannon","category-gaza","category-press-release"],"acf":[],"yoast_head":"\n