All eyes are on the Central Bank as the clock runs out on the latest Israeli bond prospectus. With Luxembourg closing its doors to future transfers, the Irish regulator is refusing to disclose where any request for approval might have gone.
The governor and senior officials were before the Oireachtas finance committee this week to provide details on how the bank came to transfer bond prospectus approval to Luxembourg. Members were again left frustrated and the public none the wiser.
The Currency can confirm that the transfer of responsibility to approve the Israeli bonds prospectus to Luxembourg this week applies only to the latest prospectus. The regulator still remains the home member state for the overall Israeli bonds issuance programme.
The Social Democrats TD said last month that there were significant investor protection concerns with the regulator's approval of the bond prospectus in light of “the complicity of Israel in the genocide in Gaza”.
Concerns have been raised over the Central Bank’s role in facilitating Israeli bonds amid the bombing of Gaza. Governor Gabriel Makhlouf says the regulator’s hands are tied but Pearse Doherty is ready to act.
Concerns have been raised over the Central Bank’s role in facilitating the sale of Israeli bonds on the European market amid its actions in Gaza. Governor Gabriel Makhlouf says the regulator’s hands are tied but Sinn Féin's Pearse Doherty thinks otherwise.
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