Bernard Durkan (Kildare North, Fine Gael)

It is generally accepted that lack of adequate regulation was the cause of the considerable problems experienced in the banking industry. Legislation is promised to address the question of the necessary enhancement of the regulatory functions of the Central Bank. Legislation is also promised to consolidate and modernise financial services in accordance with the Government's better regulation agenda. This agenda was published two years ago and considerable time has passed since then. Both Bills are deemed to be essential and the need for them is accepted. What progress have those Bills made? Have the heads of the Bills been agreed? Are they in the course of being brought before the House and when might they appear?

See this speech in context