Oireachtas Joint and Select Committees

Thursday, 7 July 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Single Resolution Board (Loan Facility Agreement) Bill 2016: Committee Stage

11:00 am

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

I welcome the decision of the Minister of State to accept amendment No. 5 which is, as I indicated, another fail-safe mechanism or safeguard which addresses my concerns about one element of section 2, namely, the sum of money involved.

Amendment No. 4 proposes to confer the power of decision making on the Oireachtas as opposed to the Minister. If I understood the Minister of State correctly, the need for a quick turnaround is the only argument in favour of conferring this power on the Minister as opposed to the Oireachtas.

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