Seanad debates
Thursday, 27 March 2003
Central Bank and Financial Services Authority of Ireland Bill 2002: Second Stage.
I agree with Senator Quinn that the complexity of the legislation before us is very striking. The parliamentary counsel had a very difficult task to perform. The practical need to ensure the regulator was established not just on an administrative basis but also on a legal basis was very important to the Government. There is a sequence. Following the enactment of the legislation dealing with the ombudsman and the panels, there will be consolidation of the relevant financial legislation. Consolidation is very much on the agenda.
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