Paddy Burke (Fine Gael) | Oireachtas source

The commission previously moved the rules around savings, lending and investments from legislation that was controlled by the Oireachtas into regulation that is controlled by the Central Bank. It was much easier to make changes when it was controlled by the Houses of the Oireachtas and one could bring in a change here or there. Most of the power now lies with the regulator. Would the Department have any plans to bring that power back into the Oireachtas, which would make it easier to make changes in legislation for credit unions rather than having all this power vested in the Central Bank? This appears to be a problem.