Dáil debates

Thursday, 13 June 2013

Central Bank (Supervision and Enforcement) Bill 2011: Report and Final Stages

 

11:20 am

Photo of Brian HayesBrian Hayes (Dublin South West, Fine Gael) | Oireachtas source

I move amendment No. 6:

In page 13, line 32, to delete "skills necessary relating to the business of the reviewee to" and substitute the following:"skills relating to the business of the reviewee necessary to".
Amendments Nos. 6, 7, 9 and 10 are drafting amendments to Part 2 of the Bill, which relates to the provisions of the report to the bank. Amendment No. 8 arises out of a discussion on Committee Stage on section 18, which makes it an offence to provide false or misleading information to a reviewer in the preparation of a report under Part 2. During the discussions on Committee Stage, Deputy Doherty raised the point that there was a need to provide for a specific offence where the reviewer deliberately includes false or misleading information in his or her report. While the Minister stated at the time that the Central Bank general enforcement powers would apply, I am accepting the Opposition proposal and inserting a specific provision for such an offence under section 18. This addresses the issue raised in amendment No. 11, tabled by Deputy Doherty.

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