Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

-----Securities Act that was raised by Deputy Doherty in relation to you. I mean, under the freedom of information, and various parts of the lobbying that occurred at the time, even one of the officials in your own Department wrote back to the Irish Banking Federation and said, "The IBF is certainly an effective lobby co-ordinator. We are under siege from reps from banks about slippages in the ACS time path." And, of course, part of the reason why it had been delayed, that particular piece of legislation, was that there was opposition from the Financial Regulator to giving ... and to making that legislation pass in the form it, ultimately, was passed in. And, indeed, the Taoiseach also wrote to you in October 2006, asking when were you going to get the legislation through, and, finally, it was introduced in 2007. So it would appear from all of the freedom of information that there was a very long list of people who wrote to you, and who wanted that legislation and when it was introduced by you, it was introduced-----

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