Seanad debates

Wednesday, 2 April 2003

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

 

10:30 am

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)

This is an interesting amendment. It is important to note the consumer director has substantial power under the section as drafted as he or she may issue codes or impose requirements. The consumer director is in the position of the Commission in the European Union; he or she has the power of initiative under this subsection.

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