Oireachtas Joint and Select Committees
Wednesday, 12 November 2014
Joint Oireachtas Committee on Public Service Oversight and Petitions
Role and Remit: Financial Services Ombudsman
5:10 pm
Mr. William Prasifka:
Properly understood, the role of an ombudsman relates to a rather unique jurisdiction. We have special powers and we are charged with acting informally, expeditiously and without regard to the legal technicalities. That really is a service for consumers, as we would properly understand the meaning of what constitutes a consumer. NAMA does not deal with consumers. It deals with people who are involved with more substantial economic entities. I have not really researched this matter but it would not seem like a good fit for our office.