Seanad debates

Thursday, 17 July 2014

Strategic Banking Corporation of Ireland Bill 2014: Committee Stage

 

1:15 pm

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

I move amendment No. 5:


In page 9, to delete line 38.
The purpose of the amendments is to afford the Minister the option of a mixed model rather than the current set-up as stated in the Bill, which states: "The Minister shall be the sole shareholder." I commend him on getting AIB and KfW involved. Does a mixed model facilitate the Minister in the goals we share? That is the purpose of the amendments that the Leas-Chathaoirleach asked us about. Does a mixed model strengthen the Minister in the objectives of the Bill? If it does, then that is the objective of the amendments.

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