Seanad debates
Thursday, 27 March 2003
Central Bank and Financial Services Authority of Ireland Bill 2002: Second Stage.
Nine months later there is no sign of the legislation which the Minister promised would be published before the end of 2002. The Minister of State, Deputy Brian Lenihan, said today that the second Bill would be brought forward "later this year"– he used the exact same term that the Minister for Finance used in the Dáil in June 2002. When will it be brought forward? Can the Minister of State give a definitive deadline for when the legislation which has been promised as part of the process of allaying people's fears will be introduced? What happened to it? Where were the draftspeople? Why was there a rethink? What is the revised publication date? Why was it decided not to introduce a single consolidated Bill containing all the provisions of this Bill and the other promised and long overdue Bill? It does not make sense that two separate Bills will be brought forward.
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