Dáil debates

Wednesday, 5 March 2025

Financial Services and Pensions Ombudsman (Amendment) Bill 2023: Committee and Remaining Stages

 

11:20 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is clear. Why does this arise? The FSPO cannot adjudicate on commercial decisions of banks that operate in line with the codes of conduct and all the rest. Can the Minister of State explain to us why there is some confusion in the legislation because what he has described seems to be clear regarding the existing practice? Why is this section needed? Why is an amendment to the original Act needed?

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