Noel Rock (Dublin North West, Fine Gael) | Oireachtas source

I move: "That the Bill be taken in Private Members' time."

The purpose of the Bill is to ensure that a better balance is struck between maintaining banking independence while ensuring regular and important input from elected legislators in the Oireachtas and in the relevant committees. This will ensure policy-makers set forth proposals which will be both useful to, and used by, the Central Bank while also ensuring that the Central Bank is fully apprised of the impact of any changes which it proposes on the citizenry.

I look forward to working with all Members to improve this Bill at a later stage. Amendments I have heard of to date include more extensive Oireachtas committee involvement than what I have envisaged in what I have put forward. The ultimate intention of this Bill is to ensure that solutions put forward are useful to the Central Bank and will be used by the Central Bank while also protecting its independence and ensuring the Oireachtas can engage more fruitfully with it and vice versa.

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