Seanad debates

Wednesday, 9 April 2003

Central Bank and Financial Services Authority of Ireland Bill 2002: Report and Final Stages.

 

10:30 am

Jim Higgins (Fine Gael)

In regard to the two important points raised by Senator McDowell concerning the formula to be used, the Minister of State said that the two options considered were a simple formula or a formula whereby the assets of a particular financial institution would be assessed together with the other elements and that the levy would be applied on that basis. Is he in a position to reassure us that this is what will happen?

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