Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

There is an obligation to review the Act this year and I want to give an idea of some of the inconsistencies within the Act. The Minister for Finance, Deputy Michael Noonan, had meetings with the banks last year on variable rate mortgages. Two of the banks with which he met declared them as part of their lobbying returns but two others did not. Even at that level, there seems to be confusion over the obligations of the Act. It may also be that because no enforcement is in place, people are not afraid of it. How early in 2017 will the Minister enact the enforcement procedures and what month in this year will the review of the Act get under way?

See this speech in context