Oireachtas Joint and Select Committees

Wednesday, 5 March 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Bi-annual Review 2013: Financial Services Ombudsman

3:30 pm

Mr. William Prasifka:

We can look at an alternative dispute resolution body. There are many different models throughout the State and in other jurisdictions. Looking at them all across the spectrum of formality, some have low jurisdictional limits and operate very informally. In some cases, the jurisdictional award can be a few hundred euro. As far as I am aware, we operate the most formal form of dispute resolution in the entire world. That is simply a fact.