Joan Burton (Dublin West, Labour) | Oireachtas source

That structure has been established on a Europe-wide basis to avoid banking crashes. At the moment, the Central Bank is actually undertaking an examination of this particular area. Those involved have not given an actual date for when they are going to report, but, as I understand it, they have been in contact with the different institutions and people who have been affected by the kinds of distressing stories that Deputy McGrath has mentioned in the House. I do not have an exact date for when they will report, but my understanding is that they will be coming back sometime around the middle of December. I hope that when we get their considered report and evaluation on this matter, any advice they give in respect of the further vindication of consumer rights relating to banking will be implemented. I am saying to Deputy McGrath, as I said in my earlier response, that the Financial Services Ombudsman services could be enhanced.

Deputy McGrath referred to capacity in the Central Bank. There are 1,400 people working in the Central Bank.

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