Dáil debates

Thursday, 30 September 2010

Announcement by Minister for Finance on Banking of 30 September 2010: Statements

 

10:30 am

Photo of Michael NoonanMichael Noonan (Limerick East, Fine Gael)

It can be done. The Minister gave me a vague answer last night when he stated he would legislate in the autumn. Two months of the autumn have elapsed already. When I asked him to do this in October he stated he could not do so and he now proposes to do it in autumn. In which autumn of which year will it be done?

I am pleased to note from the Minister's statement this morning that he will introduce such legislation and is in discussion with the Financial Regulator and Central Bank. As with everything the Government does, action on this matter is being taken too late. The Minister claimed several times that he is giving certainty to the market. How many times did he hear us pleading with him to give certainty to the market? How many interviews have been given by me, Deputies Richard Bruton, Alan Shatter, Enda Kenny-----

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