Oireachtas Joint and Select Committees
Wednesday, 3 December 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
3:00 pm
Mr. Antoine Mac Donncha:
Obviously, the Oireachtas could pass that law. Constitutionally, we could not set up such a system, even if it were desirous to do so, which it would not be, in which the Central Bank could trump the Oireachtas. If the Oireachtas wants to pass legislation, it is free to do so.
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