Dáil debates
Wednesday, 5 March 2025
Financial Services and Pensions Ombudsman (Amendment) Bill 2023: Committee and Remaining Stages
11:20 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I hear that and it is to be welcomed, but does the section not deal with the power of the FSPO to publish the decisions and, therefore, give privacy or protection to the financial institutions under the guise of providing privacy to the individual making the complaint, whether he or she wants the hearing in public or not? None of us, or very few of us, will rock up to the hearing, but it is the publication that I am referring to. It relates to what I was saying earlier, namely that it is sometimes the case that only a few challenges to the system open up a Pandora's box. Where there is a case in which it is stated that AIB, Bank of Ireland, Mars Capital, Start Mortgages or another body did X, Y or Z, people start to pull out their contracts, be they in suitcases under the bed or elsewhere, and see whether X, Y or Z actually happened to them. When the name of the financial institution is not published, it becomes a bigger issue. I am not arguing that it all should happen but discretion should be applied by the FSPO. That was my point on the section.
No comments