Oireachtas Joint and Select Committees
Wednesday, 24 April 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage
7:40 pm
Michael McGrath (Cork South Central, Fianna Fail)
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I thank the Minister. I accept that my amendment was blunt, but he understands the principle underlying it. Nobody wants the Central Bank to be bogged down in bureaucracy and undertaking unnecessary investigations. We are all sent a great deal of material by aggrieved persons on various issues. It is impossible to investigate all of the complaints made, but there should be traceability of complaints made to the bank, provided they are regarded as having substance. I withdraw my amendment and await the Minister's amendment on Report Stage.