Seanad debates
Wednesday, 2 April 2003
Central Bank and Financial Services Authority of Ireland Bill 2002: Committee Stage.
This amendment states that within two and a half years the functions and responsibilities of the authority would be laid out in a consolidated statement. The proposed paragraph (i) states: "to perform such other functions as are imposed on it by or under this and any other Act or law". This is a very open statement. While I accept the authority will have many diverse functions and at this stage it may be necessary to have such a provision, my amendment would propose a timeframe for issuing a statement of the functions of the authority.
No comments