Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

We will stick with head 7 at the minute. Again, when we are dealing with legislation of this nature, which is enabling legislation, we have to place a lot of faith in the Central Bank. I do not know how this would be reported. Will it be a consumer watchdog that will perceive that there is a local deficiency or will it be a member of the public or a local community group? Could Deputy Durkan say there is a local deficiency? The bank is going to assess each potential local deficiency notified to it but I do not know who is going to be notifying it. We are going to have to have guidelines in relation to the assessment and classification of local deficiencies in the first place. Has the Department had conversations with the bank as to what this will look like and how it will operate?