Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

What I am disappointed and concerned about is that this is an issue of timing. Deputy McGrath has made a point about independent analysis which could have happened at any time. There is a clock ticking on this Parliament. We all know this, as does the public. There is also a clock ticking for banks. My view is that this should be allowed to go to Committee Stage, we should be reporting, and an independent analysis should be carried out which would be allowed to shape our amendments.

I have made it clear that this Bill is not designed to impact on securitisation. If that is an issue, and if the independent analysis shows that - we have heard this from the Central Bank - it will be dealt with on Committee Stage. Committee Stage is where one allows the spirit of the Bill to go ahead and one then fixes it. I am concerned about timing. There is an amendment here which will scuttle the Bill because of the timing issue but it is fixable if there is a willingness to allow this Bill to go to Committee Stage and concurrently have the independent analysis carried out. We have just finished the scrutiny, having spent months on it, and now people are asking for more scrutiny. If there is willingness to support the concept of this, there is a way forward.