Michael Noonan (Limerick City, Fine Gael)
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That is reasonable. I will read the note on amendment No. 43 and then consider whether an amendment is necessary for Report Stage.

Subsection (5) in the published Bill provides for the protection of the identity of the person making the disclosure, except with their consent, or where divulging the identity of the person is necessary for an investigation of the matter to which the disclosure relates. Investigation is meant here in its broader sense to include an examination of the matter or any proceedings that may follow. This amendment specifically lists a number of situations under financial services legislation where such a disclosure may be required, including an administrative sanction inquiry, an appeal before the Irish Financial Services Appeal Tribunal or a fitness and probity hearing.

We can discuss this on Report Stage, because it seems to be a good idea. If provision has not been made for it elsewhere, I will draft an appropriate amendment.

I wish to notify the committee that I am considering a number of new amendments on Report Stage.

I propose to present a number of amendments to the Credit Institutions (Stabilisation) Act 2010 and the Central Bank and Credit Institutions (Resolution) Act 2011. These are designed to clarify and streamline the operation of those Acts. I am considering an amendment seeking the removal of the statutory prohibition on the third country bank branches being established in Ireland. It would be an enabling clause which would be consistent with the 2006 Banking Resolution directive to ensure that national legislative frameworks cannot favour third countries over EU-EEA banks. Both of these amendments are subject to further policy and drafting consideration by the Office of the Attorney General. Apart from these proposals I am also considering a number of technical amendments and of course, I would like to repeat the commitments I made to Deputies McGrath and Doherty to consider amendments to issues they raised with me in the course of this debate.