Oireachtas Joint and Select Committees

Wednesday, 2 December 2020

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Investment Limited Partnerships (Amendment) Bill 2020 [Seanad]: Committee Stage

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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Is the Minister of State satisfied that, insofar as is possible, this legislation gives total and adequate protection to the consumers and investors? Is he satisfied that the necessary alarms are in place should there be a need to invoke other powers such as the Central Bank? In the past, we have sometimes had occasion to comment unfavourably on the lack of alacrity with which some of the supervisory agencies were activated. Is the Minister of State satisfied that sufficient provision has now been made to ensure that the State and the consumers, both nationally and internationally, are protected?