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
4:10 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
For the record, I acknowledge the bureau is independent of the council and it is the council and the Department who are examining these regulations.
A Government amendment allowed for the description of a substantiated claim to be reported. It is my view, and it was the Government’s view, that the report should not describe every substantiated claim because some may be minor or insignificant and have an undue effect on the company. Where, in Mr. Prasifka’s opinion, it should be set out this concerns, for example, people being moved from a tracker to variable rate, that should be reported on. Does Mr. Prasifka support that part of the legislation that allows his office to report the description of a substantiated claim?
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