Seanad debates

Wednesday, 2 April 2003

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

 

It is appropriate that the regulatory authority take responsibility for matters relating to consumer protection and awareness. The existing provisions of the Bill allow the regulatory authority to address the matters raised by the Senator and to be held accountable for these matters. I, therefore, cannot accept the amendment. My argument is that on the narrow issue of the amendment itself, the matters comprehended in it are comprehended in the Bill under the heading of the regulatory authority.

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