Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

To be fair to the Central Bank, it had started the work before the legislation was finished. It was ready to go. I have complimented Members of both Houses for the flexibility they have shown on the NCID at the end of the winter session last year and on the Insurance (Amendment) Bill this time last year with regard to their flexibility and the speed with which they were prepared to bring the legislation through. The Central Bank had started the work prior to the legislation being finished and ready to go. It was able to start in January this year so it would have the work finished in the calendar year of 2019.