Seanad debates

Thursday, 27 March 2003

Central Bank and Financial Services Authority of Ireland Bill 2002: Second Stage.

 

Various other options were examined. Separate authorities for prudential regulation and consumer protection – two competent authorities, one having a consumer protection function and the other a regulatory authority with a subsidiary responsible for consumer protection – were ruled out as it was only within the entity which combined the prudential regulation function with the consumer protection function that the disclosure of information between the two could be done within the provisions of EU law.

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