Dáil debates
Wednesday, 18 May 2016
Ceisteanna - Questions - Priority Questions
Financial Services Regulation
1:30 pm
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
The counter argument is that if the owner acts as his or her own agent, he or she is caught by the legislation. Given that the owner is hands-off in terms of the interface with the borrower, he or she cannot act as the Deputy suggests he or she may. If the owner crosses the line and begins to act as the Deputy says he or she may act, he or she is caught by the legislation. If the Deputy is willing to talk to my officials, and if he can convince them it is necessary, I am willing to use an appropriate vehicle to amend the legislation along the lines he suggests.
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