Oireachtas Joint and Select Committees
Thursday, 27 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of Financial Services and Pensions Ombudsman Bill 2016 and Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Discussion
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I thank Mr. Deering. I will now turn to the next section. In the current heads of Bill we have the existing categorisation of decisions being continued with. The suggestion in this legislation stems from the work the FLAC has done and the suggestions that is has put forward. The argument is, as we have heard from Mr. Joyce, that the definition of long-term financial service should be changed to give a clearer view as to what the real decision was. The legislation would allow for different findings of sustained, not sustained and partially sustained. What is Mr. Deering's view on that?
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