Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am only one member of the committee, albeit the sponsor of the Bill. I have talked about the issues which the Bill was crafted not to impact and those need to be clarified, but if that was accepted, why would there then be a need for a wider impact study? I understand that if the intention of the Bill was to impact on securitisation, or ECB collateral, or different ways in which the banks can secure finance such as covered bonds and so on, there would be a wider impact but this Bill is straight up and down. Under its terms, a bank cannot sell to a vulture fund or another bank without the agreement of the customer. I heard Mr. Sibley's sensible comment about a bank exiting and that needs to be dealt with. Where are the wider impacts of the legislation if those other areas are exempt?