Dáil debates

Tuesday, 1 June 2004

Central Bank and Financial Services Authority of Ireland Bill 2003: Motion to Recommit.

 

6:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)

I accept your point a Leas-Cheann Comhairle. I will finish on this point. Dorothea Dowling is one of the most respected figures in Irish financial regulation. She has put the most serious questions to the Oireachtas Joint Committee on Finance and the Public Service. We have had no opportunity to examine those questions and determine whether more scandals are yet to be revealed. Yet Fianna Fáil and the Progressive Democrats — the party that was supposed to keep an eye on Fianna Fáil — are ramming through this legislation even though it has serious gaps and holes. I originally said the IFSRA legislation was like a camel. It now appears to be a camel with eight to ten humps. We have no idea how they link with each other or how they seek to seriously protect the consumer.

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