Oireachtas Joint and Select Committees

Wednesday, 5 March 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Bi-annual Review 2013: Financial Services Ombudsman

3:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Yes, as 7% is substantiated here. As I have said, the figure for AIB and Bank of Ireland is 29% and 21%, and that takes in mortgages rather than insurance. Mr. Prasifka recently hit out strongly at elements of the Judiciary in this State. There is a statutory function in the office and one must consider separation of powers. Mr. Prasifka mentioned the legally binding nature of the office, which is important. One decision has been struck down by the courts and Mr. Prasifka felt it important to speak out about that and to challenge the Government about what it wanted to do with his office, as it could not have oral hearings in all cases. That is not what the Judiciary suggested. Does Mr. Prasifka seek amendments to the legislation because his office, as a statutory body, cannot ignore the rulings of the courts? Should there be amendments to the legislation that would prevent the office from having to hold an oral hearing in certain cases, such as the example before the courts?

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